Article Abstract:
Ameritech Corp.'s acquisition of a 20% interest in Bell Canada for C$5.1 bil bolsters BCE Inc's plans of outflanking its competitors in Canada by establishing a continental partnership. Montreal, Canada-headquartered BCE, the parent of Bell Canada, intends to be at par with big phone companies that include Germany's Deutsche Telekom AG, AT&T Corp and BT PLC of the UK. BCE CEO Jean Monty stresses that Ameritech, which is double the size of BCE, will become bigger once the latter completes its merger with San Antonio, TX-based SBC Communications Inc.
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Article Abstract:
Futureway Communications Inc., of Richmond Hill, Ontario, announced a partnership with rival Rogers Communications Inc. to bring fibre-optic technology to homes. The company will provide high-speed fibre links for digital voice, data and video services to homes in new residential developments.
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Article Abstract:
Telefonos de Mexico SA has reached an agreement with Montreal, Quebec-based Bell Canada International Inc. to pool their Latin American assets. The deal, which forms a $3.5 billion jointly owned company, raised the stock value of Bell Canada's parent company, BCE Inc.
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