The Bell Aliant Regional Communications Income Fund (Bell Aliant) has proposed a CAD119 million (USD103 million) takeover of the Amtelecom Income Fund, a telco serving parts of southwestern and central Ontario. Stephen Wetmore, CEO of Bell Aliant, said in press release: ‘We believe Amtelecom provides a natural fit with Bell Aliant due to its focus on regional wireline customers and the proximity of operating footprints.’ Amtelecom has around 27,000 local telephony users, 13,000 internet subscribers and 9,000 cable customers. According to TeleGeography’s GlobalComms database, Amtelecom is one of 40 remaining small independent local exchange operators in Canada. Bell Aliant serves the four Atlantic Provinces and parts of Ontario and Quebec, and at the end of 2006 had 3.3 million fixed lines in service, and 588,000 broadband internet customers.
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