Wireless Telecommunications Services
MegaFon OAO to Merge with Sinterra ZAO-SKRIN
SKRIN reported that on June 14, 2013 MegaFon OAO decided to merge with wholly owned subsidiary, Sinterra ZAO.
Nokia Siemens Networks Pvt Ltd To Close Small Factory In India-reuters
Reuters reported that Telecom equipment maker Nokia Siemens Networks Pvt Ltd plans to shut down a small factory in India at the end of July as part of a global cost-cutting drive. A spokeswoman for the joint venture between Nokia and Siemens said the Kolkata plant, which employs 48 people and makes fixed-line communications equipment was non-core and also unprofitable.
Wireless Matrix Corp Issued Certificate Of Intent To Dissolve
Wireless Matrix Corp announced that pursuant to section 211 of the Canada Business Corporations Act (the CBCA), a Certificate of Intent to Dissolve dated March 21, 2013has been issued to the Company by the Director under the CBCA. The Company has ceased to carry on business except to the extent necessary for its liquidation. After adequately providing for the payment and discharge of all of its obligations, the Company intends to distribute its remaining property to its shareholders in accordance with the CBCA, following which the Company intends to make an application to the Director under the CBCA for a Certificate of Dissolution. Further details regarding the liquidation and dissolution process will be provided to shareholders in due course.
Vodafone Group Plc's Vodafone Romania to Close Call Center in Ploiesti by 2016-Telecompaper Europe
Telecompaper Europe reported that Vodafone Group Plc’s Vodafone Romania will close its call centre in Ploiesti by 2016 and will gradually transfer the staff and activity from this centre to the centers it owns in Bucharest and Brasov, writes local paper Ziarul Financiar citing an announcement made by Vodafone Romania. With this change, Vodafone Romania wants to simplify its call center activities. From January 1, 2016, Vodafone Romania will only operate two contact centers, namely the ones in Bucharest and Brasov. The call center's closure will be a gradual one and the employees of the centre in Ploiesti who wish to continue to work at Vodafone Romania will be able to move to the centers from Bucharest and Brasov. Vodafone Romania's call centre in Ploiesti was opened in 2006 after an investment of millions of EUR.
Bharti Airtel Ltd Rejigs Indian Operations, Splits Business Into Eight Segments-Economic Times
Economic Times reported that Bharti Airtel Ltd on February 07, 2013 said it was splitting its business into eight divisions and doing away with its current structure of three regional hubs. This is the third major organisational change in as many weeks after Bharti recently said its Chief Executive for India and South Asia, Sanjay Kapoor, would quit February-end and be replaced by Gopal Vittal, currently the Company's director for special projects. The eight divisions will report to the newly created position of market operations.
Mobil'nye TeleSistemy OAO Announces Board of Director's Decision on Reorganization-SKRIN
SKRIN reported that the Board of Directors of Mobil'nye TeleSistemy OAO (Mobile TeleSystems OJSC), on the General Meeting of Shareholders held on January 14, 2013, has decided to reorganization the Company through the takeover of KR-1 ZAO (KR-1 CJSC), a company, which will be spin-off from KOMSTAR-Regiony ZAO (Comstar-Regions CJSC). Moreover the Board of Directors has decided to reorganize the Company through the takeover of another 11 companies, such as:SVIT-KOM ZAO (Sweet-Com CJSC), Universal TV ZAO (Universal TV CJSC), UK Al'tair-Tula ZAO (Managing Company Altair-Tula CJSC), Telekompaniya Al'tair ZAO (Telecompany Altair CJSC), Mul'tiKabel'nye Seti Tambova ZAO (Tambovsk Multikabelnye Seti CJSC), Infotsentr ZAO (Infocenter CJSC), Kompaniya SibGruppInvest ZAO (Company SibGroupInvest CJSC), Skif-Layn ZAO (Skif-Line CJSC), SKIF-OREL ZAO (Skif-Oryol CJSC), SKIF-TAMBOV ZAO (Skif-Tambov CJSC) and TK Spektr OAO (TK-Spectrum OJSC).
MegaFon OAO Reorganizes Its Wholly Owned Subsidiary Yugratel OAO-PRIME
PRIME reported that on December 31, 2012, MegaFon OAO has decided to reorganize its wholly owned subsidiary Yugratel OAO in the form of transformation into Yugratel OOO. The Company has also appointed r. A. N. Kazantsev to the post of General Director of Yugratel OOO.
HIKARI TSUSHIN INC to Take Over Business from Subsidiary
HIKARI TSUSHIN INC announced that it will take over the group company share holding and management business from a 99.59%-owned subsidiary, which is a holding company located in Tokyo, Japan, at the price of JPY 1,282 million, effective January 25, 2013.
I-FREEK INC to Change to Holding Company Structure; to Change Company Name
I-FREEK INC announced that it has decided to change to holding company structure, effective April 1, 2013. The Company will establish three wholly owned subsidiaries to take over the businesses of the Company. The Company has also decided to change name to I-FREEK HOLDINGS INC., effective April 1, 2013.
Bharti Airtel Ltd May Merge India And Africa Operations By Mid 2013-The Economic Times
The Economic Times reported that Bharti Airtel Ltd is planning restructuring by combining Indian and African operations into a single business entity under a global CEO. Manoj Kohli, the joint MD of Bharti and CEO of African operations, could be the frontrunner to head the combined telecom business of the Company across both continents in the new organizational structure that is likely to be in place by the first half of next year. Kohli has been the CEO of Bharti Airtel, and was sent to head the African business after the Company acquired Zain’s operations in that region in 2010. At present, both Kohli and Kapoor report to Bharti Airtel Chairman Sunil Mittal. But under the new structure, the chief executives of India and Africa will report to the global CEO.
Markets
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- U.S.
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Sector Summary
| Energy |  -0.01% |
| Basic Materials | -0.88% |
| Industrials | -0.61% |
| Cyclical Goods & Services |  +0.03% |
| Non-Cyclical Goods & Services | -0.23% |
| Financials | -0.23% |
| Healthcare | -0.43% |
| Technology | +0.04% |
| Telecoms | +0.08% |
| Utilities | -0.64% |
| DOW | 14,932.41 | -42.55 |
-0.28% |
| S&P 500 | 1,614.08 | -0.88 |
-0.05% |
| NASDAQ | 3,433.40 | -1.09 |
-0.03% |
| TR US Index | 146.52 | -0.13 |
-0.09% |
Analyst Research
| Report Title | Price |
|---|---|
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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