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…
Huawei Technologies, one of the world’s top five smartphone makers, has vowed to strongly protect its intellectual property, warning handset makers against potential infringements on its patents on technologies such as 4G, amid an increasing number of patent disputes in India ending up in lawsuits.
“In 4G, the largest percentage of essential patents belongs to us,” P Sanjeev, director of device sales at Huawei India, told ET on Wednesday. “As much as we respect others IPR (intellectual property rights), we will do anything that it takes to protect our own patents as well.”
His comments come in the backdrop of the company’s plans to launch affordable 4G devices in the local market, which is witnessing massive growth in smartphone sales. Huawei hasn’t yet initiated any legal action against Indian or international handset maker operating in India. Original post at ET Telecom