Russia urged to consolidate reginal phone companies

Article Abstract:

A long-awaited telecommunications-restructuring plan commissioned by Russia endorses the consolidation of the country's fragmented regional telephone companies into seven super-operators as a way of attracting investment to the sector. The plan also recommends letting long-distance provider Rostelecom remain a separate company.

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DDI plans to liquidate stake in Nippon Iridium

Article Abstract:

DDI Corp. is planning to terminate Nippon Iridium Corp. and cut its partnership with Iridium LLC. DDI has lost an estimated 139 million euros from its investment in Nippon Iridium.

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AT&T board approves plan for spinoffs, tracking stocks

Article Abstract:

AT&T Corp.'s board of directors have approved a plan that entails spinoffs and tracking shares. The move paves the way for the eventual breaking up of the company.

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