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 India, the country’s second-largest telecom operator, plans to start a cloud services marketplace soon to widen the range of its offerings to corporate and business customers, a top official said.
“We want to be amongst the first movers to the cloud. We are currently creating a cloud services marketplace for small- and medium-sized companies. It will allow customers to sign up and pay for their products with just a few clicks,” Naveen Chopra, director at Vodafone Business Services, told ET.
The local unit of UK’s Vodafone Group Plc serves almost 70,000 businesses, with its enterprise segment contributing more than 12% of revenue. Vodafone India currently ranks fourth revenue-wise in enterprise services, after Bharti Airtel, state-owned Bharat Sanchar Nigam Ltd and Reliance Communications, although it is the leader in mobility services in this segment. Original post at ET Telecom