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…
Tata Docomo, one of India’s premier operators, is set to offer high-quality mobile broadband services to its customers. Due to the steep growth in mobile broadband traffic, the operator has modernized its 3G network based on Nokia Networks’ Single RAN (radio access network) product and services. Customers will soon enjoy better data services with higher network coverage and capacity.
Key highlights of the deal
Flexi Multiradio 10 Base Station featuring HSPA+( High-Speed Packet Access) technology and Radio Network Controllers
Flexi Lite Base Stations for enhancing capacity and providing best coverage in densely crowded areas
NetAct network management system for effective monitoring and management of TATA DOCOMO’s network
Network planning and optimization, project management services as well as hardware and software support to ensure a smooth network roll out.
Neeraj Dindore, chief technology officer at TATA DOCOMO, said, “This initiative underlines TATA DOCOMO’s focus on further enhancing customer experience by bringing best in class solutions for mobile data consumers in India. With its extensive knowledge about our infrastructure and expertise in executing similar deployments worldwide and more specifically in India, Nokia Networks was our natural choice for this project. We are working together to be leaders in harnessing the potential of the data services market in the country.”
Sandeep Girotra, head of India region at Nokia Networks, said, “We have committed our resources and technology to ensure a rapid expansion of TATA DOCOMO’s network.This contract strengthens our long-standing partnership with the operator and TATA DOCOMO’s endeavor to become the operator-of-choice in India.”