Category Archives: Telecom Acquisitions, Financing
Skype's Set Free (Almost)
When eBay purchased Skype in 2005, it was a $4.1-billion strategic head-scratcher. Why eBay, the world’s leading online auction service, needed to buy a disruptive VOIP service provider – even one as popular as Skype – made little sense despite … Continue reading
Toronto Hydro Bailing Out of Telecom Biz
For all the upbeat talk from Toronto Hydro about its telecom services – wholesale access to corporate customers and a struggling municipal Wi-Fi service – the utility is looking to bail out of the business. In a press release, Toronto … Continue reading
Still Don't Get BCE LBO
Maybe I’m missing something here but I still don’t get the bidding war for BCE Inc. (aka Bell Canada) now being orchestrated by BCE senior management. So, what you’ve got a low-growth telecom carrier scrambling to jump-start its financial prospects … Continue reading
Why is Bell the Belle of the Ball?
Thoughts for a Sunday morning: Over the past week or so, I’ve read countless stories on how Bell Canada (aka BCE Inc.) has become the target of private equity investors willing to spend as much as $30-billion. As far as … Continue reading
Will KKR be Michael Sabia's Legacy?
Since taking over as BCE Inc.’s CEO in 2001, Michael Sabia has had a a pretty rough go of it trying to restructure the company amid increasingly fierce competition. Five years into the job, you have to wonder what Sabia’s … Continue reading
BCE's Early Xmas Gift
Nothing like a pension fund (and a partner) to take a non-core asset off your hands AND give you a lot more money for it than many people expected. Clearly,, BCE CEO Michael Sabia made Santa Claus’ list of people … Continue reading
What Does Darren Entwistle Do Next?
The Report on Business magazine has an interesting profile on Telus CEO Darren Entwistle, which offers some insight into arguably Canada's most dynamic telecom executive. It includes the surprising contention the 44-year-old may have plans to walk away from telecom … Continue reading
Mitel: IPO Deja Vu
For the second time in 27 years, Terry Matthews is taking Mitel public. This time around, the company is apparently looking to raise $150-million for “general corporate purposes”. While Matthews is well-respected as Canada's leading telecom entrepreneur, it is important … Continue reading
Alcatel-Lucent Tie the Knot. Really!
The speculation is over: Alcatel and Lucent have officially merged (unofficially Alcatel is buying Lucent given its shareholders will have 60% of the new entity) to create a $25-billion wireline, wireless and services behemoth. It is interesting that Alcatel is … Continue reading
What AT&T Breakup?
The telecom industry sure moves in strange and mysterious ways in light of the Wall St. Journal report that AT&T will unveil the purchase of BellSouth for $65-billion. It was only 22 years ago, that the old AT&T was split … Continue reading
