Petty quit BCT.Telus after deal rejected

Article Abstract:

George Petty has tendered his resignation as CEO of BCT Telus Communications Inc after the board rejected his plan to acquire another telecommunications company. Petty said that the acquisition, believed to be either Clearnet Communications Inc or wireless company Call-Net Enterprises Inc, would have given BCT the Central Canadian platform it needs to launch a new national carrier. However, the BCT board vetoed his plan and opted for a less expensive route of building their own Ontario- based network.

Executive changes & profiles, BCT.Telus Communications Inc.

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Telecom spending seen falling

Article Abstract:

Paul Sagawa, an analyst with Sanford Bernstein and Co., stated that spending by key customers of the telecommunications equipment sector will decline even more dramatically in the first half of next year before showing improvement in late 2002.

Telephone Communication, Financial analysis, Analysis, Telecommunications services industry, Sagawa, Paul

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Committee report seen delaying bank mergers

Article Abstract:

No bank mergers are expected in Canada until the 11 recommendations in a parliamentary committee report are addressed. Customer service levels, layoffs and rural services are issues of concern focused upon in the report.

Forecasts, trends, outlooks, Reports, Bank mergers, Market trend/market analysis, Canada. Parliament. House of Commons

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