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SANTO DOMINGO, Dominican Republic-Wednesday 22 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Nexign (part of ICS Holding), a leading Business Support System (BSS) and Internet of Things (IoT) solutions provider for telecommunications service providers, today announced that it expands its international presence to Latin America by opening a new office in Santo Domingo, Dominican Republic. This initiative will enable Nexign to strengthen its positions in emerging markets by offering LATAM customers solutions to drive digital transformation efforts.

According to the GSMA report, the data traffic in LATAM will grow more than sixfold by 2024. Also, GSMA expects the mobile penetration rate to reach 73% by 2025. Nexign aims to use its 28 years of engineering excellence to help local telecom operators consolidate their systems and provide customers with better connectivity, uninterrupted internet access and other services. The office in Dominican Republic will focus on business ... Read more »

ZURICH-Wednesday 22 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- As of August 1, 2020, Theodor Swedjemark (40) will join the Executive Committee of ABB as the company’s Chief Communications Officer. Swedjemark has held the position on an interim basis since March 1, 2020.

Swedish-national Swedjemark has been at ABB since 2006. He joined the company as an executive management trainee before moving to the group M&A department at ABB’s headquarters in Zurich. In 2014, he took over a senior management role for Electrification products in the Czech Republic, covering the Central and Eastern European market. After returning to Zurich, Swedjemark managed the Strategic Portfolio Review of the Power Grids project during 2016, after which he assumed the role of Chief of Staff in 2017, later adding group responsibility for government relations & public affairs.

Under his remit, Swedjemark will be functionally responsible for: external and internal comm ... Read more »

ZURICH, Switzerland-Wednesday 22 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Following the completion of the divestment of its Power Grids business to Hitachi on July 1, 2020, and consistent with its overall capital structure optimization program, ABB will launch its previously announced share buyback program on July 23, 2020.

As part of its plan to return to shareholders net cash proceeds of $7.6–7.8 billion from the sale of Power Grids ABB initially intends to buy 10 percent1 of its issued share capital through this share buyback program. ABB will purchase a maximum of 180 million shares, in addition to those already held in treasury. The corresponding maximum buyback amount of CHF 4.2 billion for this program is based on ABB’s share price on July 21, 2020. The maximum number of shares that may be repurchased under the program on any given trading day is 2,188,145.

The total number of ABB’s outstanding shares currently amounts to 2,134,574, ... Read more »

ZURICH -Wednesday 22 July 2020 [ AETOS Wire ]

Strong COVID-19 headwinds; Power Grids divestment completed
•    Orders $6.1 billion, -18%; comparable -14%1
•    Revenues $6.2 billion, -14%; comparable -10%
•    Income from operations $571 million; margin 9.3%
•    Operational EBITA1 $651 million; margin1 10.6%
•    Net income $319 million, +398%2
•    Basic EPS $0.15, +398%3; operational EPS1 $0.22, -35%
•    Cash flow from operating activities $680 million; resilient cash delivery expected for the full year
•    Power Grids divestment completed July 1
•    Net cash proceeds to be returned to shareholders, as planned
ZURICH--(BUSINESS WIRE/AETOSWire)-- “As expected, the second quarter has been heavily impacted by COVID-19. At the same ... Read more »

Mary Kay Inc. Advocates for Women’s Empowerment, Safe and Dignified Work Environments at International Women’s Forum – TIME’S UP UK Virtual Event

SAN FRANCISCO-Wednesday 22 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Andersen Global enhances its presence in Latin America with the addition of a collaborating firm in Suriname, Kenswil & Co., strengthening its tax and legal capabilities in the northeastern region of South America.

With almost 15 years of experience, founder and Office Managing Director Siegfried Kenswil leads the Paramaribo-based tax and legal firm specializing in oil & gas and mining in addition to extensive experience with inbound and outbound structuring, tax advisory and compliance, legal advisory and compliance and corporate governance advisory. The firm’s clientele includes multinational companies, international and local mid-size companies as well as private clients.

“We are committed to meeting our clients’ needs in the most efficient way, and pride ourselves on providing innovative, best-in-class solutions,” Siegfried said. “We look forward to ... Read more »