Nippon Telegraph & Telephone Corp (ADR)(NYSE:NTT) stock dropped -2.42% in today’s pre market session with the price of $42.30. Over the last one month and over the past three months, Nippon Telegraph & Telephone shares lost -2.98% and -1.61%, respectively. Furthermore, the stock rose 9.08% since the start of this year. The company’s shares are trading -2.78% below their 50-day moving average. Additionally, Nippon Telegraph & Telephone has an RSI of 42.28 and beta of 0.15.
NTT Communications Corporation (NTT Com), the ICT Solutions and international communications business within the NTT (NTT) Group and Arkadin, an NTT Communications company and one of the largest and fastest growing providers of Unified Communications and Collaboration services, announced June 16, 2016 that both have received 2016 Frost & Sullivan Asia Pacific ICT Awards.
NTT Com has been recognized as 2016 Frost & Sullivan Asia Pacific Hosted Telephony and UC Applications Service Provider of Year award and Arkadin has been recognized as 2016 Frost & Sullivan Asia Pacific Collaboration Service Provider of the Year, the 4th consecutive time that Arkadin has been named in this category. The results were announced at the 2016 Frost & Sullivan Asia Pacific ICT Awards in Singapore on June 15.
According to Nahoko Ando, Research Analyst, Digital Transformation, Asia Pacific at Frost & Sullivan, “NTT Communications, the incumbent telecom operator in Japan, has established an extensive network infrastructure worldwide, successfully expanding Arcstar Universal One into large enterprises across the Asia-Pacific region. Frost & Sullivan evaluates NTT Com highly for its performance and commitment to the APAC region by providing a scalable, flexible and agile cloud UC portfolio.”
“We are honored to be recognized by this award,” said Mitsuru Takayama, Vice President, UCaaS & Conferencing PT, Voice &Video at NTT Com. “NTT Com is now deploying cloud-based unified communications platform in 169 countries/regions to support and enhance customer’s globalization, improved productivity, and business efficiency. Together with Arkadin, we will continue to strongly support customer’s workstyle innovation in a global scale.”
According to Jessie Yu, Research Manager, Digital Transformation, Asia-Pacific at Frost & Sullivan, Arkadin has strong and sustainable momentum in Asia-Pacific: “In a highly competitive and fast-changing business environment Arkadin has achieved significant customer and revenue growth. Their service quality, delivery and customisation, coupled with flexible pricing policies and fast, efficient technology enhancements, are contributing to the value they deliver to their customers, spanning enterprises, SMBs and the public sector.”
According to Sean Kwek, Regional Vice President, Sales & Marketing at Arkadin APAC, the award is a testament to the success of Arkadin’s strategy of delivering the highest quality UC&C services backed by a strong customer service culture: “It is an honor to be ranked at the top among peers in the industry for our leadership in APAC for the fourth consecutive time.”
Whiting Petroleum Corp (NYSE:WLL) stock on Friday’s pre market session gained 4.82% at price of $11.52. Over the last one month and the previous three months, Whiting Petroleum shares lost -6.23% and gained 20.77%, respectively. Additionally, the stock has surged 16.42% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by -2.82% and -7.40%, respectively.
Whiting Petroleum Corporation (WLL) MAY 11, 2016 announced that it gave notice to mandatorily convert $476.3 million of outstanding convertible notes into shares of Whiting common stock on May 18, 2016. Prior to such notice, holders of $0.4 million of outstanding convertible notes had voluntarily converted such notes into shares of Whiting common stock. As a result, the Company will have issued approximately 41.8 million shares of its common stock to retire all of the $476.7 million of convertible senior notes and convertible senior subordinated notes that the Company issued in March 2016 (as identified in the chart below) in exchange for the same amount of senior notes and senior subordinated notes.
James J. Volker, Whiting’s Chairman, President and CEO, commented, “We continue to be focused on improving our balance sheet. Retiring $476.7 million of our debt will further strengthen our financial position and liquidity.”
Pursuant to the terms of the convertible notes, holders of the convertible notes may give notice to voluntarily convert such notes up to the close of business on May 17, 2016. If all holders of the convertible notes voluntarily convert such notes, Whiting will make early conversion payments to holders of such notes totaling approximately $41.9 million, plus accrued and unpaid interest to the conversion date. Holders who do not voluntarily convert their convertible notes will not receive an early conversion payment or accrued and unpaid interest.