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Stock impact report

Comtech explores strategic alternatives for Terrestrial & Wireless Networks segment [Seeking Alpha]

Comtech Telecommunications Corp. (CMTL) 
Last comtech telecommunications corp. earnings: 3/4 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: comtechtel.com/ir.cfm
Company Research Source: Seeking Alpha
The company said it has decided to exit its subsidiary operations in Basingstoke, United Kingdom. After anticipated restructuring charges associated with the exit of the Basingstoke operations, Comtech expects to realize about $10 million of annual cash savings. Comtech also entered into a new $25M subordinated unsecured term loan facility with the existing holders of its convertible preferred stock to cure defaults and maintain appropriate liquidity. Source: Press Release More on Comtech Telecommunications Seeking Alpha's Quant Rating on Comtech Telecommunications Historical earnings data for Comtech Telecommunications Financial information for Comtech Telecommunication Recommended For You Comments More Trending News Recommended For You More Trending News Show less Read more
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