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…
In the 13 countries that collectively represent about 70% of global GDP, the mobile internet is already generating some $700 billion in revenues annually, The Boston Consulting Group (BCG) estimates.
The GDP contribution is the equivalent of $780 per adult in the markets, and the opportunities afforded by the mobile internet have created employment for about 3 million people, the research firm said.
The 13 countries surveyed are Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, South Korea, Spain, the United Kingdom, and the United States.
The Google-commissioned report shows that by 2017, mobile internet revenues will have grown to $1.55 trillion across these countries, an annual increase of 23%.
The single largest contributor to mobile internet revenue growth in the next several years will be the apps, content, and services component of the ecosystem, driven by the rapid expansion of mobile shopping and advertising. Original post at Telecom Asia