Ratings Upgrade, Solutions Deployment, Update on Executive Transition, Board Nomination, and New Agreements - Analyst Notes on MTS, CalAmp, Portugal Telecom, VimpelCom and ChinaUnicom
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NEW YORK, July 17, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Mobile TeleSystems OJSC (NYSE: MBT), CalAmp Corp. (NASDAQ: CAMP), Portugal Telecom, SGPS SA (NYSE: PT), VimpelCom Ltd. (NASDAQ: VIP) and China Unicom (Hong Kong) Limited (NYSE: CHU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4873-100free.
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Mobile TeleSystems OJSC Analyst Notes
On July 3, 2014, Mobile TeleSystems OJSC (MTS) announced that Moody's Investor Service has upgraded the Company's senior unsecured issuer rating. From Ba2, the rating has been upgraded to Baa3 with a stable outlook, representing a two-notch upgrade and classifying MTS as investment grade. The full analyst notes on MTS are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/MBT/report.pdf
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CalAmp Corp. Analyst Notes
On July 8, 2014, CalAmp Corp. (CalAmp) announced that the Mecklenburg County (North Carolina) Government Business Support Services Agency will deploy the Company's wireless devices and FleetOutlook fleet tracking solution across 1,100 assets. The Company explained that the deployment is intended to track, monitor, and manage the County's large, mixed-use fleet of service vehicles and non-motorized assets. "Our SaaS-based FleetOutlook service is ideally suited for managing mixed-use fleets of service vehicles and non-motorized assets. The robust data capture and analytics reporting native to our GPS fleet management solution deliver insight and drive the efficiencies and safety improvements that Mecklenburg County requires, all in an easily integrated SaaS-based system that will serve them today and well into the future," said Mike Zachan, Senior Vice President and General Manager of Wireless Networks business at CalAmp. The full analyst notes on CalAmp are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/CAMP/report.pdf
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Portugal Telecom, SGPS SA Analyst Notes
On July 11, 2014, Portugal Telecom, SGPS SA (Portugal Telecom) has clarified that Luis Pacheco de Melo remains in office as an executive board member and CFO of the Company. This update comes after certain press reports were released with misleading information. In addition, the Company also announced that in order to focus exclusively on the development and implementation of the business combination between the Company and Oi, de Melo has communicated the cessation of his duties as member of the Board of Directors and Vice President of Portugal Telecom, and as a member of Board of Directors Africatel Holdings B.V. by resigning from the offices as mentioned. The full analyst notes on Portugal Telecom are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/PT/report.pdf
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VimpelCom Ltd. Analyst Notes
On July 10, 2014, VimpelCom Ltd. (VimpelCom) announced the nomination of Trond Westlie for election to the Company's Supervisory Board at VimpelCom's annual general meeting of shareholders (AGM) to be held on July 28, 2014. The Company also informed that the record date for the AGM is June 25, 2014. The Company reported that this nomination is in addition to the previously announced list of 10 nominees. The full analyst notes on VimpelCom are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/VIP/report.pdf
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China Unicom (Hong Kong) Limited Analyst Notes
On July 11, 2014, China Unicom (Hong Kong) Limited reported that China United Network Communications Limited (China Unicom), China Mobile Communication Company Limited (China Mobile) and China Telecom Corporation Limited (China Telecom) have entered into the promoter's agreement, under which they would make investment in cash for the establishment of China Communications Facilities Services Corporation Limited. China Mobile, China Unicom, and China Telecom will hold 40.0%, 30.1%, and 29.9%, respectively, by contributing cash of RMB4.0 billion, RMB3.01 billion, and RMB2.99 billion, respectively. The full analyst notes on China Unicom are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/CHU/report.pdf
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