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 Telecom Regulatory Authority of India (TRAI) has reduced the ceiling rates of domestic bandwidth by up to 60 percent, in order to bring down fixed-line broadband tariffs, reports said.
A 2-Mbps leased line drawn over 500 km will now cost a maximum of Rs.3.4 lakh a year, compared with Rs.8.5 lakh earlier. A leased line of similar capacity over a 5-km route will cost Rs.12,086 a year (Rs.17,016). Prices have been revised for bandwidth up to 622 Mbps.
Leased lines are used by corporates such as business process outsourcing firms and banks, which connect their various branch offices and ATM machines. They are also used by Internet Service Providers to offer broadband services. Telecom operators such as Airtel, Reliance Communications and BSNL are the major suppliers of leased-line connectivity. Original post at RTT News