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…
SK Telecom signed a Memorandum of Understanding with China Unicom in developing 5G network and new business opportunities in international roaming and startup ecosystem. Through this MoU, SK Telecom and China Unicom are aiming towards strengthening their competitiveness in the telecommunication market.
“China Unicom will collaborate with SK Telecom to generate tangible outcome that will lead to enhanced customer value and future growth of the two companies.” said Lu Yimin, President and Vice Chairman of China Unicom.
“Through the MOU, SK Telecom and China Unicom will be able to offer differentiated and innovative services to customers,” said Jang Dong-hyun, President and CEO of SK Telecom. “We will continue to make efforts to develop new joint business opportunities to not only achieve growth of both companies but also contribute to the economic development of Korea and China.” Read more