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…
Intel said it has signed a definitive agreement to acquire broadband access and home networking technologies supplier Lantiq as it seeks to extend its existing home gateway business into the telecoms residential gateway and access network markets.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in about 90 days. Deal terms were not disclosed.
Intel noted that the deal would expand its position in the cable residential gateway market and broaden its offering to other gateway markets, including DSL, fibre, LTE, retail and IoT smart routers.
“By 2018, we expect more than 800 million broadband connected households worldwide,” said Kirk Skaugen, senior vice president and general manager of Intel’s Client Computing Group. “The combination of our cable gateway business with Lantiq’s technology and talent can allow global service providers to introduce new home computing experiences and enable consumers to take advantage of a more smart and connected home.” Original post at Total Telecom