https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Technology Solutions Brokerages
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity, Equity & Inclusion
  • MSP 501
    • Back
    • 2022 MSP 501 Rankings
    • 2022 NextGen 101 Rankings
    • MSP 501 Information Center
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
  • Channel Futures TV
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Advertise
    • 2022 Editorial Calendar
  • Awards
    • Back
    • 2022 MSP 501
    • Channel Influencers
    • Circle of Excellence
    • DE&I 101
    • Channel Partners 101 (CP 101)
  • Events
    • Back
    • CP Conference & Expo
    • MSP Summit
    • Channel Partners Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • About Us
  • DE&I
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Technology Solutions Brokerages
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity, Equity & Inclusion
  • MSP 501
    • Back
    • 2022 MSP 501 Rankings
    • 2022 NextGen 101 Rankings
    • MSP 501 Information Center
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
  • Channel Futures TV
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Advertise
    • 2022 Editorial Calendar
  • Awards
    • Back
    • 2022 MSP 501
    • Channel Influencers
    • Circle of Excellence
    • DE&I 101
    • Channel Partners 101 (CP 101)
  • Events
    • Back
    • CP Conference & Expo
    • MSP Summit
    • Channel Partners Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • About Us
  • DE&I
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Agents
  • Cloud Service Providers
  • Channel Partners Events
 Channel Futures

Telephony/UC/Collaboration


Business News – STAR To Spin Off European Operations

  • Written by Khali
  • May 31, 1999

Posted: 06/1999

Business News

STAR To Spin Off European Operations
By Khali Henderson

STAR Telecommunications Inc., Santa Barbara, Calif., has announced it will be spinning
off and consolidating its European operations under a wholly owned subsidiary called
Apollo Communications. The move is designed to better leverage the value of the European
asset by separating it from its U.S.-based parent.

In a press statement STAR Chairman and CEO Chris Edgecomb says, "We believe that
our European operations have created significant value that is not reflected in the
current price of our overall company’s stock." The day of the April announcement,
STAR’s stock showed a 52-week low of 7 1/8 and a high of 31 1/2.

Director of Investor Relations Ben Helvey explains that STAR expects Apollo’s market
flexibility will be enhanced as a standalone European operation.

STAR has retained Morgan Stanley Dean Witter to advise it on the restructuring, which
Helvey says will consolidate five existing European operations, including STAR Europe,
STAR Telecommunications Deutschland GmbH, STAR Telecommunications Austria GmbH, STAR
Telecommunications Switzerland S.a.r.l. and STAR Telecommunications France. The latter
three are new operations incorporated in December and are expecting operating licenses
from the respective national regulators in the next few weeks, Helvey says.

Although each unit now will fall under the Apollo banner structurally, it has not been
determined whether the operations also will adopt the Apollo name, Helvey says, adding
that the company will be conducting brand research over the next two months before
reaching a decision.

Helvey says Apollo also will include operations planned in Belgium, Italy and Spain.
These operations were scheduled for launch in first-quarter 2000, but may be accelerated
under the new Apollo management team, he says.

Steve Carroll has been named CEO of the new combined entity. Other executives are yet
to be named, Helvey says. Carroll, formerly president of WorldCom Europe, has been
chairman of Star Europe Ltd., STAR’s U.K. subsidiary, since February 1998. Carroll also
served as president of IDB WorldCom and, after its acquisition by LDDS in December 1994,
of LDDS WorldCom International.

The spinoff is pending a favorable ruling–expected by August–from the U.S. Internal
Revenue Service on the tax-free nature of the transaction, Helvey says.

Tags: Agents Telephony/UC/Collaboration

Most Recent


  • Chatbot on laptop
    Avaya Reshapes Partner Landscape with New Cloud Products for a Hybrid World
    The company is offering more low code, no code solutions as well.
  • Conversation Intelligence Improves Outcomes for Contact Centers, Observe.AI Research Shows
    However, two-thirds of contact centers still rely on manual processes for critical workflows like agent coaching and quality assurance.
  • Unified Communications
    Vonage, GoTo, Cisco Among Key Companies in UC Market Approaching $190 Billion
    The rising adoption of mobility is increasing the demand for unified communication solutions.
  • Adam Wilson Vonage CP Europe Still
    Vonage a 'Single Communications Stack Provider' for Partners, Customers
    These are the biggest opportunities for Vonage partners today.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Woman with questions
    Should We Just Call Master Agents Distributors?
  • Benefit, Plus Sign
    TBI, Avant Add New Cloud, Security Suppliers to Lineups
  • CIO
    ScanSource Hires New CIO to Lead Global IT Strategy
  • Select a Hire
    Telarus Hires Megapath, Fusion Connect Vet Dan Foster as Latest CRO

Upcoming Events

View all

MSP Summit

September 13, 2022 - September 16, 2022

Channel Partners Conference & Expo

May 1, 2023 - May 4, 2023

Galleries

View all

Channel People on the Move: AT&T, HPE, Google Cloud, Comcast, More

July 5, 2022

Missed June’s Cloud News? AWS, VMware, HPE, Google Cloud Made Headlines

July 5, 2022

Public Cloud Momentum Pacing Past Forecasts, With AWS, Azure in Lead

July 4, 2022

Industry Perspectives

View all

How to Make Embracing Change Part of Your Company Culture

July 1, 2022

How to Differentiate to Leverage 5G’s Revenue Opportunity

June 28, 2022

Why MSPs are Attractive Cyberattack Targets

June 24, 2022

Webinars

View all

VEP Platform for Delivery of uCPE, SD-WAN and SASE

June 29, 2022

The Digital Worker: How to Empower Customers with a Flexible, Scalable VDI Solution to Enable Remote Work

June 30, 2022

Growing Partner Revenue and Customer Satisfaction with Power Management Services

June 23, 2022

White Papers

View all

Work Goes Remote – (and Other Top ITOps Trends)

May 25, 2022

The New Bottom Line: How MSPs Can Meet the Healthcare Crisis While Evolving Their Businesses

April 19, 2022

How to build a Security Operations Center (on a budget)

April 4, 2022

Channel Futures TV

View all

Vonage a ‘Single Communications Stack Provider’ for Partners, Customers

IBM, Partners and the $1 Trillion Hybrid Cloud Opportunity

June 26, 2022

Agents Share ‘Secrets,’ Industry Opportunity

May 11, 2022

AT&T, Microsoft, Cisco, ThreatLocker on Unlocking Partner Potential

May 6, 2022

Twitter

ChannelFutures

Distributor @Infinigate to acquire @nuviasgroup to create "pan-European #cybersecurity powerhouse."… twitter.com/i/web/status/1…

July 5, 2022
ChannelFutures

[email protected], @AWSCloud, @VMware, @Azure, @HPE, more, all made big waves in June with respective #cloud news.… twitter.com/i/web/status/1…

July 5, 2022
ChannelFutures

Happy Independence Day 🎇 to our U.S. colleagues, from the #ChannelFutures and #ChannelPartners team to yours! We ho… twitter.com/i/web/status/1…

July 4, 2022
ChannelFutures

#Publiccloud demand is going nowhere. We dive into stats. @AWSCloud @Azure @IDC @Gartner_inc @SRG_Research #cloud… twitter.com/i/web/status/1…

July 4, 2022
ChannelFutures

Partners can bring more value to #customerrelationships with the #customerexperience, says @SAPPartners4U.… twitter.com/i/web/status/1…

July 4, 2022
ChannelFutures

Channel people making waves this week include: @jpdepa3rd, @RiyaShanmugam, @sandyhogan dlvr.it/STCM6S https://t.co/oVB86ztTtP

July 1, 2022
ChannelFutures

#Cybersecurity experts say July 4th weekend ripe for #ransomware, other attacks. @blumirasec @Netenrich @Vectra_AI… twitter.com/i/web/status/1…

July 1, 2022
ChannelFutures

New @PureStorage #ITchannel leader details jump from Veritas. dlvr.it/STBsLB https://t.co/BFSmZ5ubff

July 1, 2022

MSP 501

The industry's largest and most comprehensive partner awards program.

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Galleries

Educational slide shows and images from live events.

Media Kit And Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Events
  • Telecoms.com
  • MSP 501
  • Black Hat
  • IoT World Today
  • Omdia

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2022 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X