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…
Reliance Communications has awarded Ericsson a pan-India contract to provide managed services for the operator’s extensive network.
The seven-year deal will involve Ericsson overtaking responsibility for operating and managing RCom’s wireless and wireline networks in the nation.
The deal covers over 150,000km of fiber, 2G and 3G mobile networks, wireline services and enterprise networks.
Ericsson will also assume responsibility for maintenance, network opreations and operational planning for the operator’s mobile networks. The vendor will provide customer experience management via a centralized NOC.
The contract marks Ericsson’s first pan-India managed services contract. RCom’s network footprint in India covers around 21,000 towns and 400,000 villages.
“We are happy to announce our partnership with Ericsson to manage our wireline and wireless network on a pan-Indian basis,” RCom head of commercial Suresh Rangachar said. Original post at Telecom Asia