Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Google has brokered wholesale deals with Sprint and T-Mobile US with a view to launching mobile services, it emerged this week.
The Internet giant will roll out mobile virtual network operator (MVNO) services in the U.S., the Wall Street Journal reported on Wednesday, speculating that it might launch in areas covered by its own fibre broadband services.
The paper, which cited unnamed sources, said it does not have information on when Google plans to launch, nor on how much it will charge.
However, the sources said that Google has agreed separate MVNO deals with the third and fourth largest mobile network operators in the U.S. after lengthy negotiations with top management. Google first approached Sprint 18 months ago and because of the nature of the deal both former CEO Dan Hesse and Masayoshi Son, chairman and CEO of parent company Softbank, were involved in discussions. Original post at Total Telecom