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Docomo to exit Indian market, sell TTSL stake
2014-04-25 09:21:00| Telecompaper Headlines
(Telecompaper) Japanese operator NTT Docomo has decided to sell its stake in Indian mobile operator Tata Teleservices. Docomo expects to be able to sell its 26.5 percent stake to India's Tata group, under an option in their original shareholders agreement from 2009. This requires Tata to buy the stake for 50 percent of the acquisition price (INR 72.5 billion) or a fair market price, whichever is higher, if Tata Teleservices fails to achieve certain performance targets by the end of its fiscal year in March 2014. Docomo said it intends to sell the stake in June if Tata's annual report shows it missed the targets.
DoCoMo to exit India
2014-04-25 02:00:00| Total Telecom industry news
Japanese telco to sell Tata DoCoMo stake in event that operator fails to achieve performance targets.
Samsung and GlobalFoundries buddy up for 14nm, while IBM heads for the exit
2014-04-23 11:48:18| Extremetech
GlobalFoundries has signed an agreement to license Samsung's 14nm technology, but IBM is nowhere to be seen. Has the pivotal third leg of the vaunted Common Platform collapsed?
Colt warns for weaker EBITDA, to exit wholesale voice
2014-04-22 09:22:00| Telecompaper Headlines
(Telecompaper) European carrier Colt warned for weaker-than-expected EBITDA this year, due to product mix changes, customer churn and pricing pressure in bandwidth products. The company expects 2014 EBITDA (before restructuring charges) to be 5-10 percent lower than the current market consensus of EUR 325 million. In addition, Colt will book restructuring charges in the second half of around EUR 30 million for a planned exit of much of its wholesale voice business. The operator plans to end around 85 percent of its Carrier voice trading contracts over the next few months. The capacity of around 5 billion minutes per year freed up on its voice network will be dedicated to expanding the more profitable enterprise voice business. The decision will result in the loss of around EUR 175 million in annual revenue, around half of which will be felt in 2014 already. However, the exit of the wholesale business should lead to better profit margins over the next few years and have an "immaterial" impact on EBITDA this year, Colt said. For the first quarter, the operator reported revenues up 2.0 percent year-on-year to EUR 399.8 million, helped by forex effects and expansion in managed and colocation services. EBITDA was still down 8.0 percent to EUR 74.1 million, hurt by pressure on margins from regulatory price cuts and a shift from profitable bandwidth services to lower margin managed networking services. Colt said it expects the pressure on margins to continue through the year.
Tags: voice
exit
wholesale
weaker
STI Exit Button with Wireless Protective Shield
2014-04-22 06:00:00| Industrial Newsroom - All News for Today
The STI Stopper® Station button with shield (SS-21B5X) can be customized for your emergency application in days. Constructed of tough polycarbonate, the unit can take hard knocks in stride. A local alarm sounds when cover is lifted, and a wireless transmission is sent to an STI receiver to acknowledge button activation.<br /> <br /> The momentary button with supervised wireless shield helps prevent accidental activation, yet allows legitimate button use. If someone leans against the button or ...This story is related to the following:Emergency Stop Switches |
Tags: button
wireless
exit
protective
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