In Brief: Yak explores sale of telecom operations

Jun 20, 2006

Yak Communications Tuesday confirmed that its telecom operations in the United States and Canada could be sold for the right price.

The company said in a news release that an independent committee had been established by the board to "explore various strategic alternatives" designed to maximize shareholder value.

The release stated that the options included "without limitation, the potential sale of all or portions of Yak's operations."

The next step will be the retention of an investment banking firm to advise the committee and the Yak board.

Yak provides Voice over Internet Protocol and long-distance services to about 850,000 business and residential customers in the United States and Canada.

Copyright 2006 by United Press International

Explore further: Chinese man brings gay conversion therapy lawsuit

add to favorites email to friend print save as pdf

Related Stories

Sailing official wants Rio water pollution tests

May 19, 2014

Sailing's governing body may conduct independent water-quality tests in Rio de Janeiro's polluted Guanabara Bay, the sailing venue for the 2016 Olympics and the site of Rio's first test event in 2½ months.

From climate change comes opportunity to innovate

May 07, 2014

A cursory look at the Third National Climate Assessment released Tuesday by the National Climate Assessment and Development Advisory Committee yields a grim outlook. The authors state that climate change ...

Recommended for you

Chinese man brings gay conversion therapy lawsuit

3 hours ago

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

Alcatel loss narrows in 2Q but revenue stagnates

4 hours ago

(AP)—Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.

Sony surprises with first quarter profit

9 hours ago

(AP)—Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.

User comments : 0