Cantel forecasts profit in 2000

Article Abstract:

Roger Cantel Mobile Communications Inc. President and CEO Charles Hoffman stated that the company is expecting to be profitable by the year 2000. Hoffman also stated that the company is anticipating an increase in earnings in 1998 and that it will increase its income through the acquisition of more business clients. The statements of Hoffman come after the Canadian national cellular phone company posted nearly C$400 million in losses in 1997 and suffered a decrease in its sales development. The company also attracted only 63,000 clients as a result of new competition and subscriber dissatisfaction with its service.

Comment:

President and CEO Charles Hoffman states that the company is expecting to be profitable by the year 2000

Public affairs, Roger Cantel Mobile Communications Inc.

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TIW snares Brazil cellphone deal

Article Abstract:

Telesystem International Wireless Inc. (TIW) of Montreal, Canada, will acquire interest in four cellphone firms in Brazil, namely Tele Norte Celular SA, Telemig Celular SA, Telet SA and Americel SA. This became possible following the record $19-billion privatization of Telecomunicacoes Brasileiras SA of Brazil, or Telebras, whereby an eight-member consortium, which is led by TIW, has earned control of two of eight cellular firms that were spun off through the Telebras privatization. The consortium will invest $813 million to purchase the cellphone firms in the state of Minas Gerais and Brazil's northern region.

Comment:

Will acquire stakes in Americel SA of Brazil through the privatization of Brazil's Telecomunicacoes Brasileiras SA

Acquisitions & mergers, Brazil, Telesystem International Wireless Inc.

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Cantel chief paid $1.4-million in 1998

Article Abstract:

Rogers Cantel Mobile Communications Inc. has paid its president and CEO Charles Hoffman more than C$1.4 million in 1998. Hoffmann earned C$693,000 and was given a bonus of C$727,188 and other compensation worth C$25,138. Hoffman was also granted options to purchase one million class B shares of Cantel parent Rogers Commnications at C$5.98 each. Cantel posted a 6% drop in its revenues in the 4th qtr 1998 to C$324.1 million from C$345.7 million a year earlier.

Telecommunications, Management development, Telecommunications industry, Rogers Cantel Mobile Communications Inc.

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