Key Developments: Sandvine Corp (SNVNF.PK)
1.92USD
15 May 2013
$-0.02 (-1.03%)
$1.94
$1.92
$1.92
$1.92
4,400
9,358
$2.14
$1.11
Latest Key Developments (Source: Significant Developments)
Sandvine Corporation Receives $3 Million Expansion Order From Cable Operator
Sandvine Corporation announced that it has received over $3 million in follow-on orders from a North American cable operator that has been a Sandvine customer since 2005. The orders were received in March and represent ongoing expansion of the operator's deployment of Business Intelligence and Traffic Optimization solutions. Network Analytics, one of Sandvine's Business Intelligence products, forecasts long-term trends in consumer experience and resource utilization so that operators can proactively decide where to allocate resources and spending. Full Article
Sandvine Corporation proposed cancellation of admission To Alternative Investment Market (AIM)
Sandvine Corporation announced that it has proposed to cancel the admission to trading of its common shares on the Alternative Investment Market ("AIM") of the London Stock Exchange (the "Cancellation") with effect from 7:00 a.m. (GMT) on 15 March 2013 (the "Cancellation Date"). The last trading day on AIM will be March 14, 2013. The decision was based on several factors, including low trading volumes on AIM and the cost and management resources involved in maintaining the AIM listing. Full Article
Sandvine Corporation Receives Approval For Stock Buyback Program
Sandvine Corporation announced that it has received acceptance from the Toronto Stock Exchange (TSX) of Sandvine's notice of intention to make a Normal Course Issuer Bid (NCIB). Under the NCIB, during the one year period commencing February 1, 2013 and ending January 31, 2014, Sandvine can purchase for cancellation up to 12,573,945 of its common shares, representing approximately 10% of its public float as of January 25, 2013. The purchase program will be administered through the facilities of the TSX, or alternative trading systems, if eligible, and will conform to their regulations. Full Article
Sandvine Corporation Receives Orders from Mobile Operators and DSL Service Provider
Sandvine Corporation announced that it has received Network Policy Control orders from two mobile operators and one DSL service provider in the Middle East. All three customers are a part of fixed and mobile operators; two are subsidiaries and one is a parent. Full Article
Sandvine Corporation Announces Share Repurchase Program
Sandvine Corporation announced that the Company's Board of Directors has approved the adoption of an open market stock buyback program for the purchase of up to approximately 12.5 million common shares (Shares) over a one-year period. The share repurchase program is expected to commence in February 2013, through a normal course issuer bid over the Toronto Stock Exchange. The program is subject to obtaining requisite regulatory approvals. Full Article
Sandvine Corporation Receives Over $6.5 Million In Expansion Orders
Sandvine Corporation announced that it has received more than $6.5 million in follow-on Network Policy Control orders from a Top-5 Asian communications service provider. Sandvine announced initial orders from the customer in May 2012. Full Article
Sandvine Corporation Receives Over $4.5 Million In Follow-On Orders
Sandvine Corporation announced that it has received Network Policy Control orders from two Western European mobile operators, totaling over $4.5 million. The orders expand existing Sandvine deployments that enable bill shock notification and differentiated subscriber services. Full Article
Western European Tier 1 Service Provider Selects Sandvine Corp
Sandvine Corp announced it has received an initial order for over $1-million of Network Business Intelligence products from a multinational, Tier 1 Western European operator, with over 50 million broadband and mobile subscribers globally. Full Article
Sandvine Corp Secures $2 Million Follow On Order In Africa
Sandvine Corp announced that it has received a $2 million follow-on order in Network Policy Control products from a 3G mobile operator in Africa. This customer purchased Sandvine's Policy Traffic Switch, Network Analytics, Usage Management and Fairshare Traffic Management products. Full Article
Sandvine Corp Announces $5 Million In Network Policy Control Expansion Orders
Sandvine Corp announced that it has received over $5 million in Network Policy Control expansion orders for a tier-1 customer in its Asia Pacific sales region. During its third quarter, Sandvine won seven new service provider customers, including two from the Asia Pacific sales region. Full Article
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