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…
Sistema Shyam Teleservices (SSTL), which provides services under the MTS India brand, is tweaking its strategy by positioning itself as a home Wi-Fi provider. The company is seeking smartphone users on GSM networks to switch to its WiFi services when at home, by offering rates that are cheaper than what GSM players typically charge for 3G data.
The local unit of Russia’s Sistema provides telecom service on the CDMA platform, which has fewer takers compared with GSM. The company, which has airwaves in nine of India’s 22 telecom zones, is therefore focusing more on dongle-based the data services. The CDMA technology is more suited for data services.
“MTS is traditionally known as a data dongle provider. The plan is to now shift focus and be recognised as a Wi-Fi solutions provider in the Indian market,” a top company executive told ET. Original post at ET Telecom