Bell Canada for sale
So, is Bell Canada ready for a buyout? Yep. Bell Canada's corporate baby daddy, BCE Inc., has announced that it's in talks with four companies -- three Canadian and one US -- to sell out in a deal that could ultimately fetch as much as $40 CDN (about $35) for a company that's currently trading in the $38.50 CDN range. Of course, this all runs counter to the firm denials Bell was issuing just a couple weeks back (no surprise there). Current indications are that none of the firms involved in buyout discussions are already in the wireless carrier biz, so our hopes (read: fears) of a US-Canadian supercarrier are, at least for the moment, dashed.[Thanks to everyone who sent this in]
Filed under: Bell Mobility
Reader Comments (Page 1 of 1)
Alex D. @ Apr 18th 2007 2:10PM
Sprint would have been a natural fit. They both run very similar networks and use the same phones.
Donald @ Apr 18th 2007 7:49PM
Sprint, sadly, is bleeding enough money that the shareholders would crap the proverbial cinderblock if they tried to buy Bell Mobility.
I think it'll end up in the hands of the Ontario Teacher's Pension Fund (yes, they are *that* rich) and the status quo will hold in the Canadian cell phone industry.
teklikethis @ Apr 20th 2007 12:16PM
i bet 2000 points towards no reception :)
Omen @ Apr 25th 2007 9:43PM
The buyout i believe is coming from china mobile ltd. and i have put a lot of 2+2's together as i recently hacked bell mobility (completely by accident), and after some pathetic attempts by lesser qualified IT personnel (to dicover how i did it) traced these addresses back to there origins, discovered that china mobile was there.