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Telenav announces settlement of patent lawsuit

Thursday, 12 Jan 2017 04:15pm EST

Telenav Inc : Telenav announces settlement of patent lawsuit . Telenav inc says one-time settlement and license payment of $8 million to be made by Telenav . Telenav inc says one-time settlement and license payment will have a material impact on Telenav's Q2 fiscal year 2017 financial results . Telenav inc- payment for settlement will occur during january 2017 . Telenav - total revenue is expected to be $51 to $52 million as compared to previous guidance of $46 to $49 million for quarter ended December 31, 2016 . Gross margin is expected to be 44.5% as compared to previous guidance of 42% for the quarter ended december 31, 2016 . Telenav inc- net loss per share is expected to be $0.28 to $0.30 for quarter ended december 31, 2016 . Telenav inc says entered into a settlement and license agreement with vehicle ip, llc resolving vehicle ip, llc v. at&t mobility, llc . Telenav inc says will not have any continuing obligations to make future settlement or license payments to vehicle ip .Q3 earnings per share view $-0.17, revenue view $48.4 million -- Thomson Reuters I/B/E/S.

AT&T says pending Time Warner merger "was not a topic of discussion" with Trump today- CNBC

Thursday, 12 Jan 2017 02:41pm EST

: AT&T says its CEO had a "very good meeting" with trump today, but pending Time Warner merger "was not a topic of discussion"- CNBC ((Bangalore.newsroom@thomsonreuters.com;)).

Straight Path settles with the FCC over licenses

Thursday, 12 Jan 2017 06:30am EST

Straight Path Communications Inc : Straight Path settles with the FCC, now set to move forward with review of strategic alternatives to maximize shareholder value . Straight Path Communications Inc - Straight Path agreed to pay $15 million in installments over a nine-month period . Straight Path Communications Inc - Company has retained all of its 28 GHZ spectrum licenses . Straight Path agreed to pay FCC 20 percent of value received from a sale of its spectrum assets. . Straight Path Communications Inc- If Straight Path does not announce a transaction within 12 months, it will pay another $85 million to FCC . Straight Path - Post-settlement, co holds an average of 620 MHZ in top 30 U.S. Markets and covers entire nation with 39 GHZ spectrum . Straight Path - Settlement with FCC relates to company's wireless spectrum licenses; FCC has ended its investigation of company . Straight Path Communications Inc - Company also agreed to proceed with its plan to market its spectrum assets .Straight Path Communications Inc - Has retained Evercore to assist with strategic alternatives process.

Bharti Airtel appoints Badal Bagri as CFO for India & South Asia

Wednesday, 11 Jan 2017 06:15am EST

Bharti Airtel Ltd : says appoints Badal Bagri as chief financial officer - India & South Asia .says Badal Bagri will lead finance teams across India, Sri Lanka and Bangladesh.

NNK Group says a unit entered into multiple agreements with Tianjin Qicai Technology Co

Wednesday, 11 Jan 2017 04:52am EST

Nnk Group Ltd <3773.HK>- :Shenzhen Niannianka Network Technology entered into mobile top-up services and data usage top-up services agreement with Tianjin Qicai Technology Co.

UK's Ofcom closes investigation into BT’s price compliance

Tuesday, 10 Jan 2017 06:13am EST

UK's Office of Communications: Closed investigation concerning BT’s compliance with its cost-orientation obligations under general condition 18.5 on Jan.4 . Found that BT’s charges to Gamma and Vodafone for APCCs from January 2015 did not comply with the requirements of GC18.5(A) .Concluded that BT should amend its charges accordingly and make repayments to Gamma and Vodafone.

Locojoy International changes CEO to Kim Jae Seop

Tuesday, 10 Jan 2017 04:14am EST

Locojoy International Corp <109960.KQ> :Says it changed CEO of the company to Kim Jae Seop from Shanhu Xing, effective Jan. 10.

Locojoy International proposes name change to Aprogen Healthcare & Games

Tuesday, 10 Jan 2017 04:14am EST

Locojoy International Corp <109960.KQ> :Says it proposes to change company name to Aprogen Healthcare & Games Inc from Locojoy International Corporation, due to business diversity.

Ground International Development says unit entered framework agreement in relation to possible acquisition

Monday, 9 Jan 2017 05:03pm EST

Ground International Development Ltd : Framework agreement in relation to a possible acquisition . Ground international development ltd - wise earn limited entered into a non-legally enforceable framework agreement .Subsidiary agreed to acquire entire equity interest in target companies from vendors.

Czech watchdog fines Vodafone, O2 Czech Republic CZK 99 mln for anti-competitive network connections

Monday, 9 Jan 2017 04:27am EST

O2 Czech Republic , Vodafone Group Plc : Czech anti-monopoly office says fines Vodafone, O2 Czech Republic CZK 99 million for anti-competitive network connections . Fine to be shared by the two firms . Says firms illegally agreed since 2001 to connect their networks directly, without the alternative to engage third parties even if transit through third party was more favourable for customers . Says banned the agreement . Says first ruling on the issue was in 2003, this ruling follows court examination; says one party hads filed an appeal aginst this new ruling Further company coverage: [VOD.L] [SPTT.PR] ((prague.newsroom@thomsonreuters.com; +420 224 190 477;)).

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