Feb 23 (Reuters) - Redknee Solutions Inc RKN.TO
* Redknee announces new strategic plan for long-term growth and sustained profitability
* Company intends to create two major operating units:
* "strategic global accounts" and "packaged and cloud solutions"
* Intends to wind down non-telecom operations outside scope of these two operating units
* Strategic plan includes a corporate restructuring scale of which is based on a go-forward revenue base of $120 million
* Estimates restructuring will require $60 million in capital that is expected to be financed through an equity raise
* Restructuring is expected to be completed in 2018
* Company also announced its intention to eliminating reporting on non-IFRS measures
* Redknee Solutions - management will review company's other financial and operational policies to align with new goals of simplification and focus Source text for Eikon: ID:nCNWHZXqLa Further company coverage: RKN.TO