Date: a month ago   Category: IT & Media

The court declared bankrupt of YotaPhone producer — Rambler News Service


Photo: globallookpress.com/Anton Belitsky the Court declared bankrupt the Yota company registered on the Cayman Islands, structure of producer of the Yota Devices smartphones. The corresponding message of court is published in the local edition Cayman Islands Gazette. "The judgment of March 15, 2019 of the Yota company which office is registered in FTI Consulting (Cayman) Ltd sent inquiry for elimination according to the law" — it is noted in the message. The staff of the FTI Consultings company is appointed liquidators of the company. Creditors of Yota have 21 days to achieve inclusion of in the register of creditors. Yota Devices is created in 2011, is engaged in development and production of the subscriber LTE equipment (modems, routers, smartphones). The most popular Yota Devices device in the market is the smartphone with two Yota Phone screens. Offices of the company are located in Moscow, Frankfurt, Singapore, Beijing, Shanghai, Shenzhen and Oulu. In May of last year Rostec sold the share in Yota Devices to the Chinese consortium, the corporation will receive for the package in 25.1% money and securities for the sum more than 3 billion rubles, the company reported. As a result of the transaction the consortium including Trinity World Management and China Baoli will receive a controlling stake – its share in YotaDevices will exceed 50%, it was noted in the message of Rostec.

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