On Thursday, Shares of QUALCOMM, Inc (NASDAQ:QCOM), gain 1.24% to $57.36.
QUALCOMM, Inc, declared that its wholly-owned partner, Qualcomm UK Spectrum (QUKS), has agreed to sell the entirety of its UK L-Band spectrum (1452 – 1492 MHz) in two separate transactions.
Under a transaction between QUKS and Vodafone UK (Vodafone), Vodafone agreed to purchase 20 MHz of the spectrum. Under a separate transaction between QUKS and Hutchinson 3G UK Limited (H3G), H3G has agreed to purchase 20 MHz of the spectrum.
Both sales are subject to regulatory approval and other customary closing conditions. Both QUKS and Vodafone and H3G will shortly submit respective applications to transfer the spectrum for UK communications regulator Ofcom approval. Details of the terms of the sales are not revealed.
Akira Partners LLP acted as Qualcomm Incorporated’s exclusive financial advisor on the transaction.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States.
Shares of Hilton Worldwide Holdings Inc (NYSE:HLT), inclined 2.24% to $24.88, during its last trading session.
Hilton Worldwide Holdings, declared honors for its top annual development awards in the Americas. Awards are presented in five categories across the company’s portfolio of hotels, counting: Developer of the Year, Best Conversion, Deal of the Year, Outstanding Achievement and Lifetime Achievement. Recipients are recognized based on criteria ranging from total number and quality of hotels developed to impact on community and fastest construction time. Once nominated, the finalists are chosen by Hilton Worldwide’s global brand heads.
“We are proud to celebrate the achievements of these valued Hilton Worldwide partners with whom we have developed strong relationships that have allowed us to expand our footprint not only in Americas, but globally,” said Matt Wehling, senior vice president, development – U.S. and Canada, Hilton Worldwide. “The growth and success of our portfolio of brands can be attributed to our dedicated owners who share innovative vision and leadership, service-oriented culture, exceptional administration skills, and committed values.”
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide.
Finally, Kennametal Inc (NYSE:KMT), ended its last trade with 2.69% loss, and closed at $28.64.
Kennametal Inc, declared that its Board of Directors has elected Jan Kees van Gaalen to the position of vice president and chief financial officer effective September 1, 2015.
In this role, he will lead the company’s finance function counting treasury, accounting, tax and investor relations. Jan Kees van Gaalen replaces Martha Fusco who has served as interim chief financial officer since February 2015. Ms. Fusco will continue in her role as vice president and corporate controller.
“We are confident that Jan Kees van Gaalen’s diverse, global background and record of performance leading industrial business transformation is a perfect fit for Kennametal as we strengthen the company to win in the marketplace,” said President and CEO Don Nolan. “We expect his leadership to make a noteworthy impact as we continue to shape portfolio, align cost structure and drive improved performance.”
Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. It operates through two segments, Industrial and Infrastructure.
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