Call-Net sacks 31 Fonorola executives

Article Abstract:

Call-Net Enterprises Inc. of Toronto, Ontario, has terminated the top executives of Fonorola Inc., including its vice-chairman and president Jan Peeters, following its C$1.8-billion acquisition of the company. According to Call-Net's chairman, president and CEO, Juri Koor, each of the 31 positions has been identified as redundant. The position held by Fonorola's CEO, CFO and COO have been taken by Koor and Call-Net's top executives. Meanwhile, the acquisition of Fonorola, will make the merged company the top-ranked alternative long-distance company.

Comment:

Has terminated the top executives of Fonorola, which it acquired for C$1.8 billion

Management development

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Bell cuts overseas business rates

Article Abstract:

Bell Canada, the largest telephone company in Canada, has imposed an average 28% cut on long-distance telephone rates for its business customers on calls made to 62 countries. Bell Canada also extended the lower-per-minute charge plan it offers to business cutomers for calls to those countries, which previously applied during office hours only, to 24 hours each day. The rate reduction followed a decision of Bell Canada to reduce rates for overseas phone calls made by its residential customers to 28 countries by an average of 45%.

Comment:

Imposes an average 28% cut on long-distance telephone rates for its business customers on calls made to 62 countries

Commodity & service prices, Bell Canada

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AT and T to appeal local service subsidy ruling

Article Abstract:

AT and T Canada Corp. said it will appeal a ruling that would force it to subsidize local telephone service. AT and T Canada and Call-Net Enterprises Inc. lost a ruling before the Federal Court of Canada regarding the issue.

Legal issues & crime, Telephone communications, exc. radio, Cases, Telecommunications services industry, Telecommunications industry, AT&T Canada Corp.

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