Key Developments: Hawaiian Telcom Holdco Inc (HCOM.OQ)

HCOM.OQ on NASDAQ Stock Exchange Global Select Market

27.38USD
1 Aug 2013
Price Change (% chg)

$-0.44 (-1.60%)
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$27.82
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Latest Key Developments (Source: Significant Developments)

Hawaiian Telcom Holdco Inc Completes $13.9 Million Sale Of Parcel Of Land On Oahu
Thursday, 27 Jun 2013 09:04pm EDT 

Hawaiian Telcom Holdco Inc announced that it has sold a 3.31 acre portion of its 10-acre property in Mapunapuna on Oahu to U.S. Kinden Corporation dba Wasa Electrical for approximately $13.9 million. Hawaiian Telcom will retain the larger portion of the site for baseyard operations. In late May, the Hawaii Public Utilities Commission approved Hawaiian Telcom's proposed sale and plan to reinvest the net proceeds into network broadband infrastructure improvements and broadband employee training  Full Article

Hawaiian Telcom Holdco Inc's Subsidiary Completes Acquisition Of All Capital Stock Of Wavecom Solutions Corporation
Monday, 31 Dec 2012 03:00pm EST 

Hawaiian Telcom Holdco Inc announced that its Hawaiian Telcom, Inc. subsidiary has completed the acquisition of all of the capital stock of Wavecom Solutions Corporation (Wavecom Solutions), an information and communications technology company and facilities-based competitive local exchange carrier headquartered in Honolulu. Wavecom Solutions provides voice, data and converged services to small and medium-sized business and carrier customers through a six-island subsea and terrestrial fiber network. The stock purchase transaction closed December 31, 2012 at a purchase price of approximately $9.6 million, paid with existing liquidity using cash on hand.  Full Article

Hawaiian Telcom Holdco Inc's Hawaiian Telcom, Inc. To Acquire Wavecom Solutions
Thursday, 12 Jul 2012 04:00pm EDT 

Hawaiian Telcom Holdco Inc announced that its Hawaiian Telcom, Inc. subsidiary has signed a definitive agreement to acquire Wavecom Solutions Corporation's competitive local exchange carrier (CLEC) business. The stock purchase transaction is valued at $13 million, subject to customary working capital adjustments at closing. Wavecom Solutions, headquartered in Honolulu, is an information and communications technology company and a facilities-based CLEC, providing voice, data and converged services to small and medium-sized business and carrier customers. The company services more than 1,700 customers statewide through a six-island subsea and terrestrial fiber network. Hawaiian Telcom expects to finance the transaction with existing liquidity using cash on hand. D.A. Davidson & Co. initiated the transaction and acted as the exclusive financial advisor to Wavecom Solutions.  Full Article

IBEW 1357 Complaint Against Hawaiian Telcom Holdco Inc Dismissed by NLRB
Thursday, 31 May 2012 12:43pm EDT 

Hawaiian Telcom Holdco Inc announced that the National Labor Relations Board (NLRB) has dismissed an unfair labor practices charge filed by IBEW Local Union 1357 challenging Hawaiian Telcom's January 1, 2012 implementation of its Last, Best and Final Offer. After good faith bargaining reached an impasse, the Company proceeded with implementation of the Last, Best and Final Offer that had been presented to the union but rejected by a vote last December. The dismissal is based upon the NLRB's determination after review of the facts that the parties had bargained in good faith to a valid impasse as of January 1, 2012. Hawaiian Telcom is aware that union leadership intends to appeal the NLRB's dismissal. Dialogue between the Company and IBEW 1357 representatives is ongoing.  Full Article

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