On Monday, Shares of, T-Mobile US Inc (NYSE:TMUS), gained 1.87% to $42.00.
Inteliquent, declared that it had reached a three-year agreement with T-Mobile US, Inc. (TMUS), America’s fastest growing wireless company, under which Inteliquent will provide a full suite of IP voice services to T-Mobile.
The agreement provides that T-Mobile will generally use Inteliquent as its sole provider of voice interconnection services for all calls exchanged between T-Mobile and nearly all other voice providers in the United States (not taking into account certain traffic, counting among other things, traffic that is exchanged with other providers over peering arrangements, etc.). The agreement also comprises Inteliquent’s “Infrastructure as a Solution” offering. This offering allows a customer to remove its time division multiplexing (TDM) interconnection from its network and use IP/SIP interconnection for voice services. Inteliquent anticipates that the agreement will result in a noteworthy enhance in the volume of traffic carried on Inteliquent’s network.
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, in addition to accessories, which are manufactured by various suppliers.
Shares of Darden Restaurants, Inc. (NYSE:DRI), inclined 0.28% to $72.57, during its last trading session.
Darden Restaurants, declared that Bill Lenehan has been named CEO of Four Corners Property Trust, Inc., the real estate company that is predictable to be separated from Darden later this year in a spin-off, split-off or similar transaction. Four Corners is predictable to elect to be subject to tax as a real estate investment trust (REIT) effective January 1, 2016. Until the separation, Lenehan will report to Darden CEO Gene Lee. Lenehan’s appointment as CEO of Four Corners is effective August 17.
“The Board and I have been incredibly impressed with Bill’s leadership, knowledge, and skill related to the Four Corners transaction,” said Darden CEO Gene Lee. “We have also been impressed with his vision and capability, which gives us confidence he will be able to lead and transform Four Corners into a leading growth company. We are extremely happy to have a leader with Bill’s level of expertise for this very exciting new company.”
As a result of this appointment, Lenehan, who presently sits on Darden’s Board of Directors and is running for reelection at the company’s 2015 Annual Meeting of Shareholders, will resign from the Board if and when the separation of Four Corners occurs. He also will no longer serve on any of the independent committees of Darden’s Board effective right away.
Darden Restaurants, Inc., through its auxiliaries, owns and operates full-service restaurants in the United States and Canada. As of July 8, 2015, it owned and operated about 1,500 restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s, and Yard House brand names.
Finally, Coty Inc (NYSE:COTY), ended its last trade with -1.08% loss, and closed at $29.28.
Coty Inc., declared financial results for the fourth quarter and fiscal year ended June 30, 2015.
Fourth Quarter Fiscal 2015 Summary
- Net revenues of $1,019.5 million were flat like-for-like and reduced 2% as stated
- Adjusted operating income of $60.0 million raised 20% from $49.8 million in the preceding-year period
- Stated net income of $21.0 million raised from $(20.1) million in the preceding-year period
- Adjusted net income of $29.7 million raised from $9.9 million in the preceding-year period
- Adjusted earnings per diluted share of $0.08 raised 167% from $0.03 in the preceding-year period
- Net cash offered by operating activities was $138.1 million contrast to $93.4 million in the preceding-year period
Coty Inc., together with its auxiliaries, manufactures, markets, and distributes women’s and men’s fragrances, color cosmetics, and skin and body care related products worldwide. The company operates through three segments: Fragrances, Color Cosmetics, and Skin & Body Care.
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