Categorized | Mobile Technology

Bell Canada for sale

Posted on 18 April 2007 by

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So, is Bell Canada ready for a buyout? Yep. Bell Canada’s corporate baby daddy, BCE Inc., has announced that it’s in talks with four companies — three Canadian and one US — to sell out in a deal that could ultimately fetch as much as $40 CDN (about $35) for a company that’s currently trading in the $38.50 CDN range. Of course, this all runs counter to the firm denials Bell was issuing just a couple weeks back (no surprise there). Current indications are that none of the firms involved in buyout discussions are already in the wireless carrier biz, so our hopes (read: fears) of a US-Canadian supercarrier are, at least for the moment, dashed.

[Thanks to everyone who sent this in]

 

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