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) will float a consultation paper on regulating Over the Top (OTT) players by third week of January. The authority’s chairman Dr Rahul Khullar told ET that the process would seek to define ‘net neutrality’.
The development comes on the day the country’s largest telecom operator, Airtel withdrew its newly proposed tariff package under which it would have priced all voice calls made using the internet at least four times browsing. Thus breaching the concept of net neutrality.
“Currently there is no law or framework surrounding this concept in India and it is not important to define the concept in terms of what other countries follow or do. We have our own socio-economic systems within which we need to address this issue. All I can say is that time has come to address this space,” Khullar said without divulging any details of the cornerstones around which the debate would be centered in following days. Original post at ET Telecom