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…
China Mobile, the world’s largest mobile operator by subscribers, has announced new 4G initiatives and partnerships as it steps up its efforts to push TD-LTE to the global market.
Speaking at the Global TD-LTE Initiative summit yesterday in Barcelona, China Mobile executive vice president Sha Yuejia said the mobile giant plans to build one million TD-LTE base stations to achieve 100% 4G coverage before the end of this year.
The company also aims to boost its 4G subscriber base to 250 million by year-end from 90 million in 2014, and double sales of its 4G terminals from 100 million units in 2014 to 200 million units over the same period, China Mobile said in a statement.
As part of its 4G push, China Mobile has teamed up with Qualcomm, Marvell, Mediatek, Spreadtrum and Leadcore Technology to launch five €50 ($56) chipsets that support five bands. Original post at Telecom Asia