View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 10, 1987

SHAREHOLDERS APPROVE SALE OF TELECOM PLUS TO SIEMENS

By CBR Staff Writer

Telecom Plus International shareholders approved the sale of most of the company’s operating assets to Siemens AG for $165m, and a change of name to TPI Enterprises but only by 59% of the votes cast, because many shareholders want the business to liquidate and distribute the proceeds to holders rather than use it to buy one or more new businesses; Rank Organisation, with 23%, voted against the name change and wants the company to liquidate.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU