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…
ZTE Corporation welcomes the decision by the High Court of Delhi last week in favor of the company in a patent litigation with Vringo Inc. and its subsidiary.
The court lifted an ex-parte temporary injunction against certain ZTE products, including base station controllers based on GSM technology, in the ruling concerning India Patent No. 200572.
A separate litigation in India involving ZTE and Vringo concerning India Patent No. 243980 is ongoing.
ZTE reserves the right to pursue further legal action against Vringo and its subsidiaries in India and other jurisdictions to protect the interests of ZTE and customers. ZTE is committed to defending the company and our subsidiaries against patent-related claims initiated by Vringo entities in litigations in Europe, Asia and South America. Original post at ET Telecom