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…
Skylab, a Singapore-based technology solutions provider, announces a partnership with Tata Communications, a leading provider of A New World of Communication to harness the potential of Internet of Things. SkyLab has selected Tata Communications as its cloud partner for its data logistics offering.
Srinivasan CR, Senior Vice President, Global Product Management & Data Centre Services, Tata Communicationssays, “The digital disruption of enterprises continues as the user journey remains firmly at the forefront of business success. As the IoT starts to become a reality, real-time assimilation and analytics of data require superior network reliability, highly available cloud platforms, security, scalability and flexibility. Tata Communications’ pioneering IZO™ Cloud Enablement Platform harnesses our technology partnerships, global network and data centre infrastructure, making us the perfect partner to help Skylab’s customers accelerate their organisation-wide digital transformation.”
Gary Kwang, CEO, Skylab Group says, “Skylab provides critical IoT data transmission solutions to enterprises helping them gain insights and drive proactive actions on asset optimisation and resource management. As we strengthen our data gathering and delivery platform, we have been building private advanced network infrastructure to address challenges such as latency, security and scalability. We are pleased to partner with Tata Communications to address our growing need for higher levels of system and network availability, and cost-effective storage.” Read more