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Telecommunications Equipment Maker News

07 Aug 2020

Pentagon Chief Concerned About Beijing's Activity in South China Sea

Secretary of Defense Mark T. Esper (DoD photo by Marvin Lynchard)

U.S. Defense Secretary Mark Esper expressed concerns about Beijing’s “destabilizing” activity near Taiwan and the South China Sea in a call with Chinese Defense Minister Wei Fenghe, the Pentagon said on Thursday, the first time the two are believed to have spoken since March.The call came as U.S.-China ties have rapidly deteriorated this year over a range of issues, including Beijing’s handling of the coronavirus, telecommunications equipment maker Huawei, China’s territorial…

19 Jun 2000

SAIT-Stento To Issue 1.2M New Shares

Communications services group SAIT-Stento will issue 1.2 million new shares at a maximum price of 32 euros each to make its stock more liquid and raise money for future acquisitions. SAIT-Stento, recently formed through the merger of Belgian communications services group Sait-RadioHolland and Norwegian telecommunications equipment maker Stento SAS, also said it expects to break even or even post better results in 2000. Revenues for the combined company should rise above year-ago levels on a pro-forma basis, it added. The merger partners posted combined revenues of 396 million euros in 1999. SAIT-Stento will offer to sell 70 percent of the 1.2 million shares to existing shareholders and the remaining 30 to the public. SAIT-Stento reportedly plans to change its name in the next few months.

17 Dec 1999

Shipsales Boost Finland's October Trade Surplus

Finland posted a record monthly trade surplus for October, boosted by a major deal by one of its shipyards and accelerating economic recovery. The customs board's preliminary data for October showed a trade surplus of a record $1.4 billion, with exports up 14 percent year-on-year at $4.1 billion and imports up six percent at $2.7 billion. October saw the departure from Finland of Voyager of the Seas, the world's largest cruise ship, built by Kvaerner's Masa-Yards for Royal Caribbean. Economists said that despite this one-off item, the data added to evidence from figures in the past few months indicating that the economy was back on track after being hit by the Russian crisis and a global economic slowdown last autumn.