Bell Canada Enterprises (BCE) has agreed to sell the bulk of its stake in Manitoba Telecom Services for CAD578 million (USD452 million) now that the two companies have become direct rivals for local, long-distance and internet customers following the latter’s purchase of Allstream in March. Manitoba will buy 7.5 million of BCE’s shares, cutting the latter’s stake in the company from 15.96% to 0.2%. BCE will use the proceeds primarily to reduce debt. The companies began separating from each other when Manitoba sold its Bell West Internet stake to BCE in February.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors