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…
Vodafone on Tuesday confirmed it plans to return to the U.K.’s consumer fixed broadband market.
The telco giant said in its half-year results presentation that it will launch a residential service in spring 2015. The service will use the fixed infrastructure Vodafone gained via the £1.4 billion acquisition of Cable & Wireless Worldwide in July 2012.
At launch, the service will cover approximately 60% of households, said Stephen Pusey, CTO of Vodafone, speaking at the operator’s first-half results presentation.
“We will have a good, national competitive offer at launch,” added Philipp Humm, CEO of Vodafone Europe, who explained that offering fixed broadband will help Vodafone UK maintain its position in the mobile market.
“We see it more as a defensive game, but we will see depending how the overall market develops,” he said. Original post at Totaltelecom