Integrated Telecommunications Services

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Ei Towers SpA signs deed of partial demerger of Towertel into EI Towers

Monday, 16 Dec 2013 11:48am EST

Ei Towers SpA:Says it signed on Dec. 16 with its subsidiary Towertel SpA today the deed of partial demerger of Towertel into EI Towers.Says, as already disclosed to the market, the purpose of this transaction is to concentrate the asset of TLC infrastructures/towers of EI Towers Group in Towertel, which already owns it.Says the part of Towertel’s assets related to broadcasting activities shall be demerged in favor of EI Towers.Says the demerger shall be effective for civil and accounting purposes from Jan. 1, 2014.Says the date of effect for tax purposes shall be the same.

Orange SA's Polish unit seeks 2,950 voluntary layoffs-Reuters

Tuesday, 10 Dec 2013 02:39am EST

Orange SA:Says TPSA, a unit of Orange SA, is looking for up to 2,950 of its staff to take voluntarily redundancy by the end of 2015 as it seeks to boost its profitability-Reuters.

Hellenic Telecommunications Organization SA Announces Voluntary Exit Scheme For Its Employees

Thursday, 14 Nov 2013 09:19am EST

Hellenic Telecommunications Organization SA (OTE) announced the implementation of Voluntary Exit Schemes, addressed primarily to employees near retirement. Total cost for OTE is expected to reach EUR 190 million with more than 1,000 participations. Offered Schemes are as follows: Α. Voluntary Exit Schemes for near retirement employees. Β. Open Voluntary Exit Schemes based on years of service at OTE and exit schemes for special categories of employees. These schemes are addressed to special categories of employees (employees who have completed 25 years of actual service at OTE, lawyers, cleaning staff, employees on special leave/sabbatical), that are not entitled to participate in A Schemes. It is noted that OTE incurs the entire cost with no encumbrance on state pension funds.

Internet Initiative Japan Inc to Merge with Subsidiary

Thursday, 7 Nov 2013 02:00am EST

Internet Initiative Japan Inc announced that it will merge with its Tokyo-based subsidiary, which engages in the supervision of overseas system integration business subsidiaries, through a stock swap effective January 1, 2014. One share of the subsidiary will be exchanged for 26 shares of the Company. After the merger, the subsidiary will be dissolved.

True Corporation PCL Announces Dissolution of Subsidiary

Tuesday, 5 Nov 2013 12:36am EST

True Corporation PCL announced the dissolution of TA Orient Telecom Investment Co Ltd, a wholly owned subsidiary of the group of the Company.


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