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Telstra unveils restructuring plan to split into infrastructure, services companies
2020-11-12 09:05:00| Telecompaper Headlines
(Telecompaper) Australian operator Telstra has announced an important milestone in its T22 strategy at its annual Investor Day. Telstra plans to restructure its business. Under this proposed restructuring, Telstra will comprise three separate legal entities, led by a parent company to be called Telstra Group. The three entities will be InfraCo Fixed, InfraCo Towers and a third entity dubbed 'ServeCo'.
Tags: services
plan
companies
split
Cellcom Israel starts restructuring plan to cut annual opex by ILS 150 mln by end-2020
2019-09-24 09:44:00| Telecompaper Headlines
(Telecompaper) Cellcom Israel said its board has approved a comprehensive restructuring plan which will strengthen it in facing continued intense competition and low prices in the market. The plan sets a number of goals to be achieved by the end of 2020, including returning to positive net income, cutting the net debt to EBITDA ratio below 3 (excluding IFRS16 ramifications and special and unusual items), and preparing the company to cope better with market conditions, competition and future investments.
PVH outlines restructuring plan for Calvin Klein
2019-01-11 12:30:00| Daily apparel & textile news and comment - from just-style.com
US apparel giant PVH Corp is shaking up its Calvin Klein business, including streamlining its North America division - and has updated its outlook for the rest of its financial year.
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klein
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Seadrill announces restructuring plan to raise $1bn capital
2017-09-14 01:00:00| Offshore Technology
Offshore driller Seadrill has secured nearly $1.06bn of new capital after entering a restructuring agreement with more than 97% of its secured bank lenders, nearly 40% of its bondholders and a consortium of investors led by its largest shareholder, H
Tags: plan
capital
raise
announces
Oi presents debt restructuring plan to court
2016-09-06 08:46:00| Telecompaper Headlines
(Telecompaper) The board of directors of Brazilian operator Oi approved the terms and conditions of the company's Judicial Reorganization Plan and presented it to the court in Rio de Janeiro managing the company's restructuring process. The plan establishes the terms and conditions for overcoming the company's debt crisis and ensuring the ongoing continuity of the business, including measures for the restructuring of liabilities, obtaining new financial resources and the possible sale of fixed assets.
Tags: plan
court
presents
debt