Wireless Telecommunications Services

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Premiere Global Services Inc announces acquisition of TalkPoint Holdings

8:00am EDT

Premiere Global Services Inc:Says acquisition of TalkPoint Holdings, L.L.C., a provider of webcasting software and services.PGi funded the purchase through its recently increased credit facility and cash and equivalents on hand.PGi anticipates the acquisition of TalkPoint will be accretive to non-GAAP diluted earnings per share.

Stream Group Ltd to acquire National Insurance Replacement Services

Tuesday, 16 Sep 2014 06:39pm EDT

Stream Group Ltd:Agrees to acquire National Insurance Replacement Services (NIRS), subject to Stream shareholder approval.Stream previously held 40 pct. of NIRS and has now agreed to acquire remaining 60 pct. by issuing new shares in Stream to the remaining shareholders of NIRS.NIRS is a national provider of innovative contents validation and fulfillment services to insurers and claims handlers.Says that it will acquire 60 pct. of NIRS for A$799,999 with consideration solely in form of total of 3,547,668 new Stream shares issued to vendors at deemed value of A$0.2255 per share.Vendors will also receive additional cumulative total of 452,332 new shares at A$0.2255 per share subject to FY 2015 EBIT (Earnings Before Interest and Tax) of NIRS business being at least A$200,000 (earn-out shares).

Mobile TeleSystems OAO applies to FAS for acquisition of Svyaznoy-Interfax

Monday, 15 Sep 2014 11:22pm EDT

Mobile TeleSystems OAO:The Federal Anti-Monopoly Service of Russia (FAS) is considering an application of Mobile TeleSystems OAO to acquire Gruppa kompaniy Svyaznoy ZAO (Svyaznoy), the agency said in a statement-Interfax.MTS also applied to acquire six subsidiaries of Svyaznoy, i.e. S-Klub, Svyaznoy logistika, Svyaznoy Strakhovaniye, Svyaznoy zagruzka, Mobil'nyi Telekommunikatsionnyi Servis and Explay.FAS has decided to prolong the time for considering the motion as it needs to obtain additional information.It was reported earlier that MTS can acquire a 49 percent stake in cellphone retailer Svyaznoy.

Redline Communications Group Inc acquires PureWave Networks Assets

Tuesday, 9 Sep 2014 07:26am EDT

Redline Communications Group Inc:Signs definitive agreement to acquire assets of PureWave Networks, a privately held wireless technology company located in Santa Clara, California, for a cash purchase price of $2 million.

Mobile TeleSystems OAO wants to buy out Rostelekom OAO stake in Teleservis-Interfax

Thursday, 4 Sep 2014 05:59am EDT

Rostelekom OAO:On Sep. 10 the board of directors of Rostelekom OAO is to decide on the sale of Teleservis OAO's stake to its majority shareholder, Rostelekom said-Interfax.Rostelekom received an obligatory offer from Teleservis majority shareholder, representative of the company Valery Kostarev told Interfax.According to Kostarev, Rostelekom is consistently implementing policy for the sale of minority stakes, which do not give the opportunity to influence management decisions, as well as non-core assets.Rostelekom owns a 3.52 percent stake in Teleservis.The value of the stake is not being disclosed prior to the board decision.Teleservis' majority shareholder is Mobile TeleSystems OAO (MTS), which according to SPARK-Interfax database owns 89.88 percent shares in the company directly and through its wholly owned subsidiary JIR Broadcast Inc.MTS raised its stake in Teleservis by 35.6 percent in May as a result of a deal with one of the operator's previous shareholder.In May Federal Antimonopoly Service approved MTS motion to acquire 45.71 percent in Teleservis, allowing it to consolidate 100 percent of the company.

Telephone and Data Systems Inc's TDS Telecom acquires BendBroadband in Central Oregon

Tuesday, 2 Sep 2014 01:18pm EDT

Telephone and Data Systems Inc:Says its subsidiary TDS Telecom, announces the completion of the purchase of substantially all of the assets of BendBroadband, a cable and broadband company headquartered in Bend, Oregon, effective Sept. 1, for a purchase price of $261 million.

Asia Pacific Telecom Co Ltd to merge with AMBIT Corporation

Friday, 29 Aug 2014 03:52am EDT

Asia Pacific Telecom Co Ltd:To merge with AMBIT Corporation through stock swap on June 30, 2015.AMBIT Corporation will dissolve after merger.

Safaricom Ltd announces proposed purchase of certain assets of Essar Telecom Kenya Ltd

Thursday, 28 Aug 2014 08:00pm EDT

Safaricom Ltd:Says it has entered into various agreements with Essar Telecom Kenya Ltd for the purchase by Safaricom of various assets of Essar.Says the purchase also includes the right to use certain frequency spectrum used by Essar, Essar's base transmission station towers and certain passive infrastructure on such towers and various IT equipment.Completion of the proposed transaction is subject to several conditions.

Gungho Online Entertainment Inc announces revisal of subsidiary transaction to SoftBank Corp

Wednesday, 27 Aug 2014 02:00am EDT

Gungho Online Entertainment Inc:Says effective date of transaction of subsidiary GGF B.V to SoftBank Corp, was Aug. 26, not Aug. 25.


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