BC Telecom, Telus in merger talks

Article Abstract:

BC Telecom Inc., a Burnaby, British Columbia-based company, and Edmonton, Alberta-based Telus Corp., two of Canada's leading telephone companies, are holding merger negotiations, according to industry and government sources. A statement from BC Telecom has confirmed that the company is holding talks about strategic issues designed to attain its business goals. The statement, however, said that there is no certainty that the talks will result in an agreement. If a merger between the two is completed, the combined companies will have yearly revenues of C$4.7 billion. A merger between BC Telecom and Telus would also afford the two companies with greater clout to compete across Canada.

Comment:

Is holding merger negotiations with Burnaby, British Columbia-based BC Telecom Inc, according to industry and government sources

Acquisitions & mergers, British Columbia, Alberta, TELUS Holdings Inc., BC Telecom Inc.

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Call-Net plans European office

Article Abstract:

Call-Net Enterprises Inc., a holding firm based in Toronto, Canada, intends to open an office in Europe by the end of 1998, in the company's bid to double its revenue in the next couple of years. Call-Net, which is the owner of Sprint Canada Inc., the second-biggest alternative long-distance telephone firm in Canada, is interested to acquire its competitor Fonorola Inc. of Montreal, Canada. Call-Net tendered an unsolicited takeover offer of C$1.65 billion for Fonorola. However, the management of Fonorola asked the company's investors in the first week of May 1998 to refuse the C$60-per-share bid of Call-Net.

Comment:

Intends to open an office in Europe by the end of 1998, in its bid to double its revenue in the next 2 years

Europe, Facilities & equipment, Call-Net Enterprises Inc.

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Sprint unveils new rate plan

Article Abstract:

Sprint Canada Inc. of Toronto, Ontario, is launching a C$20-month flat rate long distance plan for residential customers. The plan will offer customers unlimited long-distance calls anywhere in Canada during the evenings and weekends. The move is expected to raise the market share of Sprint against toughest rivals Bell Canada and AT&T Canada Long Distance Services Co., which both previously rolled out C$0.10-a-minute long distance calls program. Customers who use the $20-month plan will pay C$0.22 a minute for long-distance calls within Canada during office hours on weekdays or to the United States.

Comment:

Is launching C$20-month flat rate long distance plan for residential customers on calls during evenings & weekends within Canada

Marketing procedures, Ontario, Sprint Canada Inc.

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