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…
Private telecom operators Airtel Reliance Jio, Vodafone and Idea Cellular have opposed telecom regulator TRAI’s proposal to protect consumers from default activation of mobile internet services that often leads to ‘bill shocks’. The Telecom Regulatory Authority of India (TRAI) came out with draft rules on May 12 proposing that operators should not activate mobile internet service without explicit consent of consumers and it should be deactivated on sending an SMS to toll free number 1925.
Consumers get bill shocks due to default activation of mobile internet which continues to be in use even after they exhaust subscribed data limit.
The cost of mobile data used after subscription limit varyfrom network to network and it can go as high as about Rs 10,000 per gigabyte which under scheme can be purchased for about Rs 175 from leading telecom companies. Click here to read the full post