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…
Chinese telecom gear maker Huawei has secured a three-year contract worth $15 million ( 93 crore) from Tata Teleservices to upgrade the Tata group telecom company’s wireline network, a person familiar with the development said on condition of anonymity.
Under the deal, Huawei is modernising Tata Teleservices’ pan-India internet protocol-based core network with routers that support 100G and 400G technology.
The person said the deployment of core routers enables Tata Teleservices to handle more data services. “Data is growing and core network also needs to be prepared to handle that surge in data. That’s why the telco wanted to be ready for that growth,” the person added.
Tata Teleservices did not immediately respond to ET’s queries, while Huawei declined comment.
Tata Teleservices offers GSM and CDMA services in 19 telecom circles, including nine 3G circles in the country under the brand name Tata DoCoMo. It recently won more CDMA airwaves in the just-concluded auction, which can be used to deploy 4G LTE technology that supports high-speed broadband. The telco operates in more than 450,000 towns and villages across the country. Original post at ET Telecom