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Alcatel Lucent: New communication behaviours in a Web 2.0 world ¬ó changes, challenges and opportunities

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Convisual to exit US, focus on German ops
Convisual to exit US, focus on German ops
1090 days ago 0 comments Categories: News Tags: Convisual to exit US, focus on German ops

Germany-based mobile marketing and advertising services provider Convisual's executive board has decided to focus its available financial means on its German operations and trying to sell its US operations. Although revenues from the US operations have grown during the first half of this year, the board decided as part of a restructuring program to start looking for an investor and focus on the strong growing mobile marketing and mobile internet operations in Germany, which are more profitable. The board decided to take impairment on the initial investment in Convisual U.S, which leads to a loss of more than half of the share capital of the company. To explain the loss, the board has proposed to convene a shareholders meeting on 29 August of this year.(Telecompaper)

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