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…
Tata Communications, a leading provider of A New World of Communications, announced that it has successfully conducted trials of Low Power Wide Area Network for connected devices and Internet of Things applications across Mumbai and Delhi. The company plans to roll out LoRa network across the country, with full coverage starting in Mumbai, Delhi and Bangalore.
LoRa is a wireless communication technology dedicated to the Internet of Things (IoT) / Machine to Machine (M2M) communications network. The new network is a super low-power, secure, bi-directional, communication solution, which any organisation can use to connect objects and innovative applications simply and energy efficiently, overcoming high power consumption challenges with existing wireless solutions. The first phase targets to cover 400 million people across Tier 1, 2, 3 and 4 cities.
“We are excited that Tata Communications has decided to deploy a LoRaWAN carrier-grade LPWAN solution across India,” said Mohan Maheswaran, CEO of Semtech, the technology partner. “Tata Communications is a global leader in network and communication solutions and we are pleased to be an integral part of this new initiative. It is also a matter of great pride that after extensive testing of all available LPWAN technologies, Tata Communications chose to deploy LoRa technology in its endeavour to create and enable a brand new network for connected devices.” Read more