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…
Mukesh Ambani and younger brother Anil may be running two separate telecom ventures but they could increasingly function as one, by entering into roaming or spectrum sharing pacts once rules permit, after having tied up for sharing infrastructure such as towers and optic fibre.
People familiar with the matter said that future areas of cooperation between Mukesh’s Reliance Jio Infocomm and Anil’s Reliance Communications (RCOM) could entail maintenance and servicing of infrastructure, common network operating centres, data centres, content and retail outlets, apart from intra-circle roaming agreements involving RCOM’s CDMA (800 MHz) and 3G (2100 MHz) bandwidth and Jio’s 4G (2300 MHz) spectrum.
Once agreements are signed, the two entities would on a combined basis have 2G, 3G, and 4G services with adequate airwaves across bands throughout the country, optic fibre to the doorstep and agreements for cooperation at the back and front end, the people added. One of the people said RCOM was already “aligning its business with Jio’s which will prove a winwin for both”. Deepali Gupta/The Economic Times