Printed from http://www.electronista.com

Bell Canada denying rumors of takeover

updated 11:20 am EDT, Fri April 6, 2007

Bell Can. denies takeover

Responding to newspaper reports, Bell Canada has denied reports that it is looking for a buyout from a private equity firm. Bell is the one of the largest media providers in Canada, running not only wireless and landline phone services, but Internet provision and satellite TV as well. If the suggested deal were to go forward, Bell would be acquired by the New York-based Kohlberg Kravis Roberts & Co. in a deal worth $30 billion CAD -- considerably more than Bell's estimated $24 billion market cap. Regulations on foreign ownership, however, would likely block KKR from owning more than a minor stake in Bell. [via Light Reading]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News