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UTC confirms Sikorsky to be sold or spun off
2015-06-16 07:09:26| Industrial Machines - Topix.net
Sen. Richard Blumenthal wants the U.S. to purchase 15 additional UH-60M Black Hawk helicopters, as pictured here in the military hangar at Sikorsky Aircraft in Stratford in 2008, for the Army National Guard. Photo: Ned Gerard /File Photo FILE - In this Sept.
Sistema confirms talks to sell MTS India to RCom
2015-06-15 14:46:00| Telecompaper Headlines
(Telecompaper) Russian conglomerate Sistema has entered talks to sell its Indian mobile operator to Reliance Communications. The company confirmed it was in exclusive talks with RCom to merge Sistema Shyam TeleServices, which operates under the name MTS India, with its larger rival. Sistema would receive a stake in RCom as payment. Sistema said the talks are at an early stage and any deal remains subject to due diligence. MTS India operates on a limited scale in India, in just nine states including the Delhi area. While the company has been growing since the introduction of 3G, it remains loss-making and lacks the scale to compete with bigger operators in India. In addition to its around 9 million customers, the takeover would give RCom additional spectrum licences in key markets.
Tags: sell
india
sistema
talks
Telekom Austria confirms resignation of CEO
2015-06-15 12:50:00| Telecompaper Headlines
(Telecompaper) Telekom Austria Group announced that Hannes Ametsreiter will resign as CEO of Telekom Austria and A1 Telekom Austria with effect from 31 July. In a statement, the company said that he asked the Supervisory Board for a "mutually agreed premature termination of his contract". Wolfgang Ruttenstorfer, Chairman of the Supervisory Board of Telekom Austria Group, said the board would discuss his replacement at its next meeting. Ametsreiter has been the chairman of the management board and CEO of Telekom Austria Group since April 2009, as well as CEO of A1 Telekom Austria since 2010. His contract was last extended at the start of 2014, for three years.
Tags: austria
ceo
telekom
confirms
Telkom confirms plans to cut 4,400 jobs
2015-06-11 09:10:00| Telecompaper Headlines
(Telecompaper) South African fixed-line operator Telkom plans to cut 4,400 jobs to contain costs, its spokeswoman told Talk Radio 702. Jacqui O'Sullivan said the fixed line operator has to take a number of steps to contain costs, adding that it was tackling management expedisture.
Apple confirms UK Apple Pay launch in July
2015-06-08 23:28:00| Telecompaper Headlines
(Telecompaper) Apple confirmed at WWDC15 that it will launch its Apple Pay mobile payment platform in the UK in July. The company said that it will be backed by banks providing nearly 70 percent of the UK's credit and debit cards, including Lloyds Bank, HSBC and Bank of Scotland. TechRadar writes that although Apple did not announce the next countries where it will rollout out Apple Pay, Canada and China are rumoured to be next. Apple is also renaming the Passbook app where Apple Pay resides to Wallet.
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