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BRIEF-Eurona to integrate its satellite business into Quantis
October 11, 2017 / 5:16 AM / in 9 days

BRIEF-Eurona to integrate its satellite business into Quantis

Oct 11 (Reuters) - EURONA WIRELESS TELECOM SA:

* SAID ON TUESDAY THE BOARD DECIDED TO SEGREGATE ITS SATELLITE BUSINESS AND INTEGRATE IT INTO QUANTIS GLOBAL SL (QUANTIS), A COMPANY ACQUIRED BY EURONA IN 2016

* QUANTIS, IN THIS WAY, WILL GROUP THE ENTIRE BUSINESS OF PROVIDING BROADBAND SERVICES VIA SATELLITE WITHIN THE EURONA GROUP

* THE NET ASSET VALUE TO BE TRANSMITTED TO QUANTIS AMOUNTS TO 5.1 MILLION EUROS

* THE SEGREGATION WILL HAVE EFFECTS AS OF JAN. 1, 2018

Source text: bit.ly/2kD7Fbb

Further company coverage: (Gdynia Newsroom)

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