Sprint launches local service in Calgary

Article Abstract:

Sprint Canada Inc, based in Toronto, Canada, launched its local telephone service in Calgary, based on phone lines leased from the former monopoly phone firm. The carrier will charge residents the same rates charged by BCT.Telus Communications Inc, but will accord special discounts to customers who buy long-distance or Internet service from Sprint. The company intends to bring the same service to Vancouver, Montreal and Toronto before the end of 1999.

Services introduction, Local Telephone Service, Sprint Canada Inc.

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Call-Net warns of default

Article Abstract:

Call-Net Enterprises Inc warned that if the move by disgruntled shareholders to replace the board of directors succeeds, the company would be unable to pay C$2.2 billion in unsecured debt. The Toronto, Canada- based company would be forced to pay all its debt, including a 1% premium, within 40 days because the success of the shareholders' proposal to revamp the current board will activate a provision of Call-Net's high-yield bond issues.

Stockholder data, Telephone Communications, Call-Net Enterprises Inc.

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