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…
Indus Towers reinforced its go-green credo by turning 50,000 of its cell sites into outdoor sites across 15 circles Tuesday, switching off ACs at these locations, and in turn, working towards minimal energy consumption.
Indus Towers, the world’s largest tower operator, is a three-way JV between India’s top three telcos — Bharti Airtel, Vodafone India and Idea Cellular.
“Indus has been focusing on enabling communications through sustainable green solutions to reduce carbon emissions and consumption of diesel, thus saving energy across all sites,” the company’s CEO B S Shantharaju, said in a media statement.
Indus’ chief operating officer (COO) Bimal Dayal said the company had a history of providing the best-in-class network services with the objective of creating a greener future. “We have always ensured that we provide both seamless connectivity as well as a cleaner environment to the nation.” Original post at ET Telecom