Teleglobe merging with U.S. telcom
Article Abstract:
Teleglobe Inc. said it is merging with Excel Communications Inc. in a $10--billion deal, that would establish a long-distance communications firm with a global network. The two firms jointly announced that they would benefit from Teleglobe's strength in intercontinental network and Excel's dominant US network. The two firms said they want to be anchored so they could take advantage of the untapped market in the G-7 countries, which granted Teleglobe license to operate in their territories. Charles Sirois, Teleglobe chief executive, said the firm was four or five years advance in meeting its timetable for expansion because of the merger.
Comment:
Says it is merging with Teleglobe Inc. in a $10--billion deal, that would establish a long-distance firm
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Fonorola bidding war shaping up
Article Abstract:
Call-Net Enterprises Inc. has opted to extend its C$1.6 billion offer to acquire Fonorola Inc. to midnight on Jun. 8, 1998. The extension would give Fonorola time to consider competing bids. Analysts speculate that GTE Corp. of Stamford, CT; WorldCom Inc. of Jackson, MS; BT PLC and Cable & Wireless of London, UK, may be among Call-Net's rivals in the bid to acquire Fonorola. Meanwhile the Quebec Securities Commission has supported Ontario regulators' decision to allow Fonorola's poison pill to remain in effect until Jun. 26, 1998.
Comment:
Has opted to extend its C$1.6 billion offer to acquire Fonorola to midnight on Jun. 8, 1998
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Rogers seeks change in cable ownership rules
Article Abstract:
Rogers Communications Inc. (Toronto) has asked the broadcasting regulator to end its policy that prohibits cable operators from owning specialty cable channels. Rogers' cable systems are in 2.2 million Canadian homes compared with the 550,000 customers subscribing to BCE Inc.'s Bell ExpressVu small-dish system. BCE reported revenue in excess of $14-billion in 1999, while Rogers' revenue was $3.1-billion. Controlling interset in Sportsnet is available to Rogers but the CRTC has given BCE a year to sell the sports channel.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
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