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

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for years. Trackballs ...

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

Sponsor

toggle

Most Commented

 
toggle

Popular News