04:35:18 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 839,588,116
Close 2014-12-17 C$ 52.61
Market Cap C$ 44,170,730,783
Recent Sedar Documents

Post/CP say Rogers sues to block Glentel sale to BCE

2014-12-18 09:27 ET - In the News

See In the News (C-RCI) Rogers Communications Inc

The Financial Post reports in its Thursday edition Rogers Communications has filed an application to block rival BCE from buying wireless phone retailer Glentel in a previously announced deal valued at $670-million. A Canadian Press dispatch to the Post says Rogers filed the proposed injunction Wednesday in Ontario claiming Glentel has not sought its approval for the BCE acquisition which was required in their agreement. "We value our relationship with Glentel and they continue to offer our products in their stores," said Rogers spokesman Patricia Trott in an e-mail. "This court case is simply about protecting our rights -- we're asking the court to ensure they honour our agreement, which says they required our prior consent to a change in ownership." Glentel sells wireless products and services from a variety of carriers including Rogers Wireless, Bell Mobility, Chatr, Fido, SaskTel and Virgin Mobile. Glentel said the proposed BCE sale does not affect its distribution contract with Rogers. "Rogers' claim is without merit and we will certainly defend against it," Glentel said in a statement, adding that if Rogers does not approve of this transaction, it can end its agreement with Glentel.

© 2024 Canjex Publishing Ltd. All rights reserved.