My site

Cooper Focusing on Continuing to Build its Business

FINDLAY, Ohio - Tuesday, December 31st 2013 [ME NewsWire]

(BUSINESS WIRE) Cooper Tire & Rubber Company (NYSE:CTB) today announced it has terminated the merger agreement with Apollo Tyres (NSE:ApolloTYRE).

"It is time to move our business forward,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. "While the strategic rationale for a business combination with Apollo is compelling, it is clear that the merger agreement both companies signed on June 12 will not be consummated by Apollo and we have been notified that financing for the transaction is no longer available. The right thing for Cooper now is to focus on continuing to build our business.”

"Our business model is strong, and despite the challenges this year, we are coming off record operating profit through the first half of the year and expect to continue to be profitable for the second half, ending the year with a strong bal ... Read more »

SHENZHEN, China - Tuesday, December 31st 2013 [ME NewsWire]

(BUSINESS WIRE)-- ZTE Corporation ("ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced it has entered into an agreement with Aircel, the leading telecom service provider in India, to deploy its 4G LTE network. The deployment helps Aircel boost its enterprise and retail business.

In the first stage, the LTE deployment will be initiated in Chennai, Rest of Tamil Nadu (RoTN) and few other business critical circles. This announcement comes at a time when ZTE completes the migration of Aircel’s data services to ZTE’s 4G LTE evolved packet core for Chennai and ROTN circles.

"We are happy to partner with Aircel to rollout their 4G LTE network in India. We are fully committed to planning, designing, supplying and deploying state of the art LTE ecosystem which will help Aircel o ... Read more »