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…
The telecom department plans to take mobile network by December 2016 to nearly 10 per cent of Indian villages that are still unconnected, to make the government’s ambitious Digital India programme more pervasive. Of the 6,00,000 villages in the country, about 55,000 are still awaiting mobile connectivity.
These villages fall primarily under the red corridor a vast swathe affected by left-wing extremism and in the Northeast. “In sync with PM Narendra Modi’s vision, it has become imperative to offer digital services on mobile platform,” telecom secretary Rakesh Garg said, speaking at the ‘Good Governance Day’ programme hosted by the Ministry of Communications and IT.
Under the Rs 1.13 lakh crore mega Digital India initiative, the government aims to connect every nook and corner of the country with broadband Internet, and deliver services electronically through mobile phones. The Trai had earlier in a study revealed major network gaps in the northeast region. Arunachal Pradesh had the highest coverage gap at nearly 56 per cent, followed by Meghalaya with 38 per cent, Mizoram with 32 per cent and Manipur 24 per cent. Original post at ET Telecom