Wireless Telecommunications Services
Sprint Corp:Sprint Corp. is creating four regional offices and eliminating some jobs to focus on service quality and customer retention in 19 major U.S. markets, part of Chief Executive Officer Marcelo Claure’s efforts to turn around the struggling wireless carrier - Bloomberg.The moves will help Overland Park, Kansas-based Sprint cut costs as Claure works to reverse a seven-year streak of subscriber losses - Bloomberg.Dave Tovar, a spokesman for Sprint, couldn’t say how many jobs would be eliminated - Bloomberg.The company is aiming to cut as much as $2.5 billion from its more than $20 billion in annual costs, and is looking in a range of areas, including roaming payments - the money it pays other carriers to handle calls outside the reach of its network - Bloomberg.
SoftBank Corp:To merge with its two Tokyo-based wholly owned subsidiaries on Dec. 1.Says two subsidiaries to be dissolved after the transaction.
Free2Move Holding AB:Extraordinary General Meeting (EGM) to decide whether company should continue operations or liquidate.EGM to take place on Oct. 27.
SK Telecom Co., Ltd:Says its subsidiary, SK Planet Co.,Ltd., to divest construction material business into a new wholly owned subsidiary.Divest ratio of 0.9821740:0.0178260 between SK Telecom and new subsidiary.Division effective date of July 1 and registration date of July 2.
TOSHIN CORP:To transfer TOSHIN TOKYO North Hills Golf Course business of a Nagoya-based subsidiary, which is engaged in operation and management of golf course, to a Tochigi-based new sub-subsidiary, which to be founded on June 30.To transfer 200 shares (100 pct stake) of the new sub-subsidiary to Awano Co., Ltd on July 1.
iPass Inc:Announced restructuring intended to flatten the organization, create a more nimble sales and delivery infrastructure.To support a SaaS go to market strategy, and accelerate cash flow break-even point.Restructuring will reduce headcount globally by 14 percent.Restructuring will result in a charge of about $2.7 million to $3.2 million in the second quarter of 2015.Says will terminate Karen Willem, Chief Financial Officer as part of the restructuring.
Turkcell Iletisim Hizmetleri AS says TeliaSonera transfers 47 pct stake in Turkcell Holding to TeliaSonera Finland Oyj
Turkcell Iletisim Hizmetleri AS:A unit of Nordic telecoms operator TeliaSonera has transferred its 47 percent stake in Turkey's Turkcell Holding to a Finnish affiliate.TeliaSonera Finland Oyj will indirectly hold 24.02 percent of Turkcell, which is majority owned by Turkcell Holding.
SoftBank Corp:To merge with a wholly owned Tokyo-based holding subsidiary, effective April 1.Subsidiary to be dissolved.
SoftBank Corp:Announces merger between four subsidiaries SOFTBANK MOBILE Corp., SoftBank BB Corp., SoftBank Telecom Corp. and Ymobile Corporation.SOFTBANK MOBILE Corp. to remain and SoftBank BB Corp., SoftBank Telecom Corp. and Ymobile Corporation. to dissolve after merger on April 1.