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Sunrise cancels EGM as no majority on capital increase for UPC takeover

2019-10-22 08:54:00| Telecompaper Headlines

(Telecompaper) Swiss operator Sunrise said it cancelled the extraordinary general meeting scheduled for 23 October to authorize the capital increase of CHF 2.8 billion to finance the acquisition of UPC Switzerland.

Tags: increase capital majority sunrise

Outcome of EGM capital increase vote for Sunrise takeover of UPC Switzerland still uncertain - report

2019-10-04 09:14:00| Telecompaper Headlines

(Telecompaper) The takeover of UPC Switzerland by Sunrise is still opposed by shareholders who own at least 30 percent of the voting rights, a Reuters survey shows. The investors would vote against the capital increase to provide the financial means to support the transaction worth CHF 6.3 billion.

Tags: report increase capital vote

Tecnotree holds EGM on 24 September to vote on Viking bid for non-Iranian assets

2018-08-21 12:31:00| Telecompaper Headlines

(Telecompaper) Finnish communications software provider Tecnotree said that an Extraordinary General Meeting (EGM) will take place on 24 September, following a demand by its 24 percent shareholder Viking Acquisitions. Viking asked for the EGM in relation to its bid for certain of Tecnotree's assets. EGMs can be called by holders of 10 percent of the shares in a company.

Tags: september vote bid holds

Kyrgyztelecom EGM dismisses management council

2017-10-06 19:57:00| Telecompaper Headlines

(Telecompaper) Shareholders of Kyrgyzstan national operator Kyrgyztelecom has dismissed the management council of the company before the term is over, at an extraordinary shareholder meeting, reports Tazabek. A new management council with five members has been elected, with all the new members representing the Kyrgyzstan Social Fund.

Tags: management council dismisses egm