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…
Telecom Italia plans to unite its fixed, mobile and Internet service offerings under the TIM brand.
The Italian incumbent announced late last week that it has begun a rebranding and repositioning process that will be completed in 2016.
TIM, or Telecom Italia Mobile, is currently used only for the telco’s mobile operations, but the extension of the brand suggests Telecom Italia is looking to a future of converged services.
Telecom Italia also announced that it will introduce flat-rate pricing for its fixed-line service. From 1 May the telco’s fixed service will include unlimited calls to domestic fixed and mobile numbers for a flat fee of €29 per month, or €44.90 including ADSL broadband. It will move to a monthly billing schedule from July.
The announcements came as Telecom Italia CEO Marco Patuano provided an update on the operator’s ongoing 2014-2016 strategic plan. The telco claims to have “smashed” its annual targets laid out under the plan, having reached 80% of the Italian population with 4G and covered around 30% of the country with fibre. Original post at Total Telecom