Last week, BCE Inc (TSX: BCE)(NYSE: BCE) made headlines when it announced that it was going to acquire the 56% of Bell Aliant Inc (TSX: BA) that it didn't already own for nearly $4 billion, or $31 per share.
BCE Inc, Rogers Communications Inc and Telus Corp dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canada's telecom giants are pushing into uncharted ...
BCE Inc. (TSX:BCE) already owns 44 per cent of Bell Aliant and has said Bell Aliant will maintain its separate identity with customers and remain a regional affiliate of the Montreal-based parent company.
On Rogers Communications Inc.'s Q2 conference call last week, management was asked if it would consider using its real estate assets to capitalize on current market forces and help lower the company's leverage ratio.
Revenues were down at $683 million from $692 million year-over-year. BCE Inc., which already owns 44 per cent of Bell Aliant, recently announced it's seeking to take full ownership of the company through a $3.95-billion deal.