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…
As AWS-3 bids approach $30 billion, Deutsche Telekom names possible buyers for its U.S. business.
Deutsche Telekom has a number of options when it comes to finding a buyer for its T-Mobile US business, but it is under no pressure to make a quick sale, the telco’s CEO said this week.
Speaking to Bloomberg, Timotheus Hoettges named Comcast, Dish Network and America Movil as possible suitors, as well as software companies and over-the-top service providers. And despite having made a previous attempt that failed for regulatory reasons, Hoettges did not rule out a new suit from Japan’s Softbank.
However, he admitted that the German incumbent is not holding talks with anyone at present and insisted that it is happy to hold on to T-Mobile US for the time being.
T-Mobile US has been the subject of takeover talk for some time. Original post at Total Telecom