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…
Nokia Networks bagged a dozen deals with major Indian operators during the first half of 2014, against 16 signed last year, the company said on Wednesday, indicating better times for the Finnish telecom gear maker as it expects higher revenue from increased spend on data network expansion by carriers.
The Helsinki-based Nokia has received a security solution contract from Reliance Jio Infocomm and a network expansion contract from Uninor, where Nokia will provide radio-access equipment and accompanying services, a person aware of the details said.
Norwegian telco Uninor has been upgrading its network in India as per its plan to install 5,000 base stations this year, in addition to existing infrastructure across six circles. Nokia’s equipment is likely to be deployed in Assam, where Uninor acquired airwaves recently and plans to launch services shortly. Original post at ET Telecom