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…
The Thai government has announced plans to set up a National Backbone Holding Company that would own and operate telecom assets nationwide.
The planned company would seek to reduce redundancies in network equipment and reduce the prices for broadband services, the Bangkok Post reported.
A national backbone holding company could inherit the 150,000km of fiber owned by state-owned operators TOT and CAT. It may also include the 50,000km of fiber owned by private players and the Electricity Generating Authority of Thailand.
Infrastructure from private players could potentially be included as part of the operators’ build-operate-transfer concession agreements.
According to the report, the holding company would operate all existing telecom network assets, renting the network to operators. The holding company would have a telecom tower and fiber optic network company within its banner. Original post at Telecom Asia