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Encyclopedia > Bell Canada
BCE Inc.
Type Public (TSXBCE, NYSEBCE)
Founded 1880, by Charles Fleetford Sise
Headquarters Montreal, Quebec, Canada
Key people Michael J. Sabia (President)
Industry Communications Services
Revenue $19.1 billion CAD (2005)[1]
Operating income $4.0 billion CAD (2005)
Employees 54,434[2]
Website bce.ca

Bell Canada Enterprises (TSXBCE, NYSEBCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for telephone services in most of Canada east of Manitoba and in the northern territories, and a leading competitive local exchange carrier (CLEC) in the western provinces. In a majority of its service territory, Bell Canada's principal competition is Rogers Communications. Bell Canada currently services over 13 million phone lines, and functions under the umbrella brandname "Bell". The current president of the group is Michael Sabia. This article does not cite any references or sources. ... “TSX” redirects here. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Year 1880 (MDCCCLXXX) was a leap year starting on Thursday (link will display the full calendar) of the Gregorian calendar (or a leap year starting on Tuesday of the 12-day slower Julian calendar). ... Charles Fleetford Sise Charles Fleetford Sise (27 September 1834 – 9 April 1918) was a Canadian businessman who was the founding President of the Bell Telephone Company of Canada. ... Nickname: Motto: Concordia Salus (well-being through harmony) Coordinates: , Country Province Region Montréal Founded 1642 Established 1832 Government  - Mayor Gérald Tremblay Area [1][2][3]  - City 365. ... This article is about the Canadian province. ... Michael John Sabia BA, MA, MPhil (born 1953 in St. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the assisted transmission of signals over a distance for the purpose of communication. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... C$ redirects here. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... C$ redirects here. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... “TSX” redirects here. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Bell Aliant Regional Communications is a communications company providing services primarily in rural areas throughout eastern Canada, as Aliant in Atlantic Canada and as Bell in central Canada. ... This article needs to be wikified. ... Telebec is a telephone company located in the province of Quebec in Canada. ... NorthernTel (formerly Northern Telephone) is a telephone company in Ontario, Canada. ... ILEC, short for incumbent local exchange carrier, is a local telephone company in the United States that was in existence at the time of the break up of AT&T into the Regional Bell Operating Companies (RBOCs) also known as the Baby Bells. GTE was the second largest ILEC after... For other uses, see Telephone (disambiguation). ... Motto: Gloriosus et Liber (Latin: Glorious and free) Capital Winnipeg Largest city Winnipeg Official languages English French (de facto) Government Lieutenant-Governor John Harvard Premier Gary Doer (NDP) Federal representation in Canadian Parliament House seats 14 Senate seats 6 Confederation July 15, 1870 (5th) Area  Ranked 8th Total 647,797... A Competitive Local Exchange Carrier (CLEC), in the United States, is a telecommunications provider company (sometimes called a carrier) that competes with other, already established carriers (generally the incumbent local exchange carrier (ILEC)). Local exchange carriers (LECs) are divided into incumbent (ILECs) and competitive (CLECs). ... Rogers Communications Inc. ... Michael John Sabia BA, MA, MPhil (born 1953 in St. ...

Contents

History

Inception

Bell Canada logo used from 1902 to 1922. Note USA-oriented stars used in other Bell System trademarks. A later version used from 1922 to 1940 used maple leaves instead.
Bell Canada logo used from 1902 to 1922. Note USA-oriented stars used in other Bell System trademarks. A later version used from 1922 to 1940 used maple leaves instead.

Alexander Graham Bell, who vacationed most of his life in Nova Scotia, Canada, received a US patent (#7,789) for the telephone in 1877. Bell assigned 75% of the Canadian patent rights to his father, Melville Bell, who, with a friend, Reverend Thomas Henderson, leased pairs of wooden hand telephones for use on private lines constructed by the client from, for example, a store to a nearby warehouse or from a business to an executive's residence. In 1879 Melville Bell sold the rights to National Bell Telephone Company in Boston, Massachusetts, USA, and thus officially became one of the first regional operating companies of what was to become the Bell System. Charles Fleetford Sise, a Chicago businessman, was brought in as general manager, and The Bell Telephone Company of Canada Ltd. was founded in 1880.[3] With a government-granted monopoly on Canadian long-distance telephone service, The Bell Telephone Company serviced 237,000 subscribers by 1914. Image File history File links BellCanada1902. ... Image File history File links BellCanada1902. ... Year 1902 (MCMII) was a common year starting on Wednesday (link will display calendar) of the Gregorian calendar (or a common year starting on Tuesday [1] of the 13-day-slower Julian calendar). ... Year 1922 (MCMXXII) was a common year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... The Bell System was a trademark and service mark used by the United States telecommunications company American Telephone & Telegraph Company (AT&T) and its affiliated companies to co-brand their extensive circuit-switched telephone network and their affiliations with each other. ... Year 1940 (MCMXL) was a leap year starting on Monday (link will display the full 1940 calendar) of the Gregorian calendar. ... A maple leaf with its distinctive shape. ... Alexander Graham Bell (3 March 1847 - 2 August 1922) was a Scottish scientist, inventor and innovator. ... Motto: Munit Haec et Altera Vincit (Latin: One defends and the other conquers) Capital Halifax Largest city Halifax Regional Municipality Official languages English (de facto) Government Lieutenant-Governor Mayann E. Francis Premier Rodney MacDonald (PC) Federal representation in Canadian Parliament House seats 11 Senate seats 10 Confederation July 1, 1867... For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... For other uses, see Telephone (disambiguation). ... 1877 (MDCCCLXXVII) was a common year starting on Monday (see link for calendar). ... Wikipedia does not have an article with this exact name. ... Year 1879 (MDCCCLXXIX) was a common year starting on Wednesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 12-day slower Julian calendar). ... This article is about the current AT&T. For the 1885-2005 company, see American Telephone & Telegraph. ... Boston redirects here. ... Motto: (traditional) In God We Trust (official, 1956–present) Anthem: The Star-Spangled Banner Capital Washington, D.C. Largest city New York City Official language(s) None at the federal level; English de facto Government Federal Republic  - President George W. Bush (R)  - Vice President Dick Cheney (R) Independence - Declared - Recognized... The Bell System was a trademark and service mark used by the United States telecommunications company American Telephone & Telegraph Company (AT&T) and its affiliated companies to co-brand their extensive circuit-switched telephone network and their affiliations with each other. ... Charles Fleetford Sise Charles Fleetford Sise (27 September 1834 – 9 April 1918) was a Canadian businessman who was the founding President of the Bell Telephone Company of Canada. ... See also: 1879 in Canada, other events of 1880, 1881 in Canada and the Timeline of Canadian history. ... Year 1914 (MCMXIV) was a common year starting on Thursday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ...


Since the early years of The Bell Telephone Company of Canada, Ltd., it was known colloquially as "The Bell" or "Bell Canada." On 7 March 1968 Canadian law renamed The Bell Telephone Company of Canada, Ltd., as Bell Canada. is the 66th day of the year (67th in leap years) in the Gregorian calendar. ... Year 1968 (MCMLXVIII) was a leap year starting on Monday (link will display full calendar) of the Gregorian calendar. ...


Competition and territory reduction

Bell Canada originally extended lines clear from Nova Scotia to the foot of the Rocky Mountains in what is now Alberta. However, most of the attention given to meeting demand for service focused on major cities in Ontario, Quebec, and the Maritime Provinces. Motto: Munit Haec et Altera Vincit (Latin: One defends and the other conquers) Capital Halifax Largest city Halifax Regional Municipality Official languages English (de facto) Government Lieutenant-Governor Mayann E. Francis Premier Rodney MacDonald (PC) Federal representation in Canadian Parliament House seats 11 Senate seats 10 Confederation July 1, 1867... For individual mountains named Rocky Mountain, see Rocky Mountain (disambiguation). ... For other uses, see Alberta (disambiguation). ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Capital Toronto Largest city Toronto Official languages English (de facto) Government Lieutenant-Governor David C. Onley Premier Dalton McGuinty (Liberal) Federal representation in Canadian Parliament House seats 107 Senate seats 24 Confederation July 1, 1867 (1st) Area... This article is about the Canadian province. ... This article is about the Canadian region. ...


During the late 19th century, Bell sold its Atlantic operations in the three Maritime provinces, but acquired interests in all Atlantic companies during the early 1960s. It held interests in the parents of NBTel, Island Telecom, NewTel, and MTT. These four companies later merged into Aliant in the late 1990s, in which Bell continues to own a stake. NBTel was founded as The New Brunswick Telephone Company in 1888 after Bell Telephone Company of Canadas attempt to establish telephone service in the Maritime provinces failed. ... Island Telecom was a phone service provider in Prince Edward Island. ... NewTel Communications was a telephone, internet and cellular service provider in the Canadian province of Newfoundland and Labrador. ... Former MT&T Logo Maritime Telephone and Telegraph Company (MT&T) was founded around 1910 in Halifax, Nova Scotia and operated as such until 1998 when it merged with Island Telecom (parent of IslandTel), Bruncor (parent of NBTel), and NewTel Enterprises (parent of NewTel Communications) to form Aliant. ... Aliant Inc. ...


Independent companies appeared in many areas of Ontario, Quebec and the Maritime provinces without adequate Bell Canada service. Bell went on during the 20th century to acquire most of the independent companies in Ontario and Quebec. Quebec, however, still has large swaths of relatively rural areas served by Telus and Télébec as well as some 20 small independent companies. As of 1980, Ontario still had some 30 independent companies, and Bell has not acquired any; the smaller ones were sold to larger independents with larger capital resources. TELUS (TSX: T, NYSE: TU) is a Canadian telecommunications firm, the countrys second-largest telecommunications carrier after Bell Canada, with C$8. ... Telebec is a telephone company located in the province of Quebec in Canada. ... Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ...


The three prairie provinces, at separate times up to 1912, acquired Bell Canada operations and formed provincial utility services, investing to develop proper telephone services throughout those provinces; Bell Canada's investment in the prairies had been scant or insufficient relative to growth. Having achieved a high level of development, Manitoba moved to privatize its telephone utility and Alberta privatized Alberta Government Telephones to create Telus in the 1990s. Saskatchewan continues to own SaskTel as a crown corporation. Edmonton was served by a city-owned utility that was sold to Telus of Alberta in the 1990s. 1912 (MCMXII) was a leap year starting on Monday in the Gregorian calendar (or a leap year starting on Tuesday in the 13-day-slower Julian calendar). ... Motto: Gloriosus et Liber (Latin: Glorious and free) Capital Winnipeg Largest city Winnipeg Official languages English French (de facto) Government Lieutenant-Governor John Harvard Premier Gary Doer (NDP) Federal representation in Canadian Parliament House seats 14 Senate seats 6 Confederation July 15, 1870 (5th) Area  Ranked 8th Total 647,797... Telus (TSX: T) (NYSE: TU) is a telephone company in Canada, the countrys second-largest telecommunications carrier after BCE (Bell Canada). ... This article is about the Canadian province. ... Saskatchewan Telecommunications (SaskTel) is a provincial Crown Corporation operating under the authority of The Saskatchewan Telecommunications Act. ... In Commonwealth countries a Crown corporation is a state-controlled company or enterprise (a public corporation). ...


British Columbia, served today by Telus, was served by numerous small companies that mostly amalgamated to form BC Tel (the last known acquisition was the Okanagan Telephone Company in the late 1970s), which served the province from the 1960s until its sale to Telus. (The amalgamations produced one anomaly: Atlin is surrounded by the territory of Northwestel, implying that the company that established service there was acquired by a company serving territories further south.) Motto: Splendor sine occasu (Latin: Splendour without diminishment) Capital Victoria Largest city Vancouver Official languages English (de facto) Government Lieutenant-Governor Steven Point Premier Gordon Campbell (BC Liberal) Federal representation in Canadian Parliament House seats 36 Senate seats 6 Confederation July 20, 1871 (6th province) Area  Ranked 5th Total 944... TELUS (TSX: T, NYSE: TU) is a Canadian telecommunications firm, the countrys second-largest telecommunications carrier after Bell Canada, with C$8. ... TELUS is a phone company in Canada. ... This article needs to be wikified. ...


Although Bell Canada entered the Northwest Territories with an exchange at Iqaluit (then known as Frobisher Bay, in the territory now known as Nunavut) in 1958, Canadian National Telecommunications, a subsidiary of Canadian National Railways, provided most of the telephone service in Canada's northern territories. CNR created Northwestel in 1979, and Bell Canada Enterprises acquired the company in 1988 as a wholly owned subsidiary. Bell Canada sold its 22 exchanges in the eastern region of the NWT to Northwestel in 1992, and BCE transferred ownership of the company to Bell Canada in 1999. For the former United States territory, see Northwest Territory. ... Coordinates: , Settled 1942 City status April 19, 2001 Government  - Type Iqaluit Municipal Council  - Mayor Elisapee Sheutiapik Area [1]  - City 52. ... For the Canadian federal electoral district, see Nunavut (electoral district). ... Jan. ... CN redirects here, as its the most common usage of the abbreviation in Canada; for more uses, see CN (disambiguation). ... This article needs to be wikified. ... Year 1992 (MCMXCII) was a leap year starting on Wednesday (link will display full 1992 Gregorian calendar). ...


Divestiture and deregulation

The Bell System had two main companies in the telephone industry in Canada: Bell Canada as a regional operating company (owned by and affiliated with AT&T until 1956) and Northern Electric as an equipment manufacturer (owned by and affiliated with Western Electric until 1956, which itself was also affiliated with Nippon Electric in Japan until 1956). The Bell Telephone Company of Canada and Northern Electric were structured similarly in Canada to the analogous portions of the Bell System in the United States; the regional operating company (Bell Canada) sold telephone services as a local exchange carrier, and Western Electric (Northern Electric) designed and manufactured telephone equipment. For other uses, see Telephone (disambiguation). ... AT&T (formerly an abbreviation for American Telephone and Telegraph) Corporation (NYSE: T) is an American telecommunications company. ... A car from 1956 Year 1956 (MCMLVI) was a leap year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... Northern Telecommunications Networks, commonly known as Nortel, is a telecommunications equipment manufacturer headquartered in Canada. ... Company Masthead Logo Logo until circa 1969, also current logo on company web site Logo 1969–1983 Hi Dan! Western Electric (sometimes abbreviated WE and WECo) was an American electrical engineering company, the manufacturing arm of AT&T from 1881 to 1995. ... NEC Corporation (Jp. ...


Because of the 1956 break-up of the Bell System to which AT&T and the United States Department of Justice consented as a resolution of an antitrust lawsuit filed in the United States in 1949, AT&T and the Bell System proper divested Northern Electric and Bell Canada. Northern Electric renamed itself Northern Telecom in 1976, which in turn became Nortel Networks in 1998 with the acquisition of Bay Networks. Northern Telecommunications Networks, commonly known as Nortel, is a telecommunications equipment manufacturer headquartered in Canada. ... Nortel Networks Corporation TSX: NT NYSE: NT, formerly known as Northern Telecom Limited and now known simply as Nortel, is a multinational telecommunications equipment manufacturer headquartered in Toronto, Canada. ...


Bell Canada acquired 100 percent of Northern Electric in 1964; starting in 1973, Bell's ownership stake in Northern Electric was diminished through public stock offerings, though it retained majority control. In 1983, as a result of deregulation, Bell Canada Enterprises (later shortened to BCE) was formed as the parent company to Bell Canada and Northern Telecom. As a result of the stock transaction used by Northern Telecom to purchase Bay Networks, BCE ceased to be the majority owner of Nortel, and in 2000, BCE spun out its share of Nortel, distributing its holdings to its shareholders.


Between 1980 and 1997, the federal government fully deregulated the telecommunications industry and Bell Canada's monopoly ended. Today Bell Canada itself provides local phone service only in major city centres in Ontario and Quebec. Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ... For the band, see 1997 (band). ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Capital Toronto Largest city Toronto Official languages English (de facto) Government Lieutenant-Governor David C. Onley Premier Dalton McGuinty (Liberal) Federal representation in Canadian Parliament House seats 107 Senate seats 24 Confederation July 1, 1867 (1st) Area... This article is about the Canadian province. ...


Convergence strategy / Internet boom and bust

When Jean Monty assumed the job of CEO in 1998, he pursued a convergence strategy, attempting to combine both content creation and distribution within BCE, and to take greater advantage of the emerging Internet market. BCE Emergis was formed to market e-commerce solutions. Capitalizing on the success of its Internet service provider division, Sympatico, in 1999 BCE formed a partnership with Lycos to create an Internet portal for its customers. Emergis Incorporated (TSX: EME) is a Canadian e-Business company dealing with interactions between companies and electronic commerce. ... Bell Sympatico is the consumer-side Internet service provider division of Bell Canada. ... Lycos is an Internet search engine and web portal. ...


Shortly after the AOL - Time Warner merger, BCE purchased the CTV television network in 2000. In 2001, BCE acquired control of The Globe and Mail, and combined it with CTV and the Sympatico-Lycos portal, its other content creation assets, to form Bell Globemedia. The desired synergies did not occur and the portal was sold back to Bell Canada in 2002. Bell Globemedia was highly profitable, however, and it was spun out as a separate company in August 2006. The new company assumed the name CTVglobemedia in 2007. Time Warner Inc. ... This article is about the Broadcast Television Network CTV, for the broadcasting television company see CTVglobemedia. ... The Globe and Mail is a Canadian English-language nationally distributed newspaper, based in Toronto and printed in six cities across the country. ... “Baton Broadcasting” redirects here. ...


In 2000, BCE acquired control of Teleglobe, an overseas carrier coveted by Bell since the early 1980s. The acquisition was a disaster as BCE lost billions of dollars financing Teleglobe. In 2002, BCE sold Teleglobe, and Jean Monty resigned.[4] Michael Sabia subsequently assumed the position of CEO. Teleglobe is an international telco carrier. ... Michael John Sabia BA, MA, MPhil (born 1953 in St. ...


Post Teleglobe: Refocus on core business

Michael Sabia refocused BCE on its core telecommunications business, prompting BCE to buy back the 20% share in Bell Canada that it had sold in 1999 to Ameritech (which was subsequently acquired by SBC).[5] BCE also spun off operating units that it did not consider to be core to its business, including Emergis in 2004, and Bell Globemedia and Telesat Canada in 2006. Ameritech (American Information Technologies) is a U.S. telecommunications company that arose out of the 1984 AT&T divestiture. ... SBC Communications NYSE: SBC is an American telecommunications company based in San Antonio, Texas. ... Emergis Incorporated (TSX: EME) is a Canadian e-Business company dealing with interactions between companies and electronic commerce. ... “Baton Broadcasting” redirects here. ... Telesat Canada is a Canadian satellite communications company owned by BCE Inc. ...


On February 1, 2006, stating the need to remain competitive, Bell Canada announced job cuts of 3,000 to 4,000 employees by the end of 2006. is the 32nd day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


On April 28, BCE announced that CEO Michael Sabia was taking a 555% pay increase, his salary being raised from $1.21 million CAD a year to $6.71 million CAD a year. The pay included a $1.25 million CAD salary, a $2.2 million CAD bonus that Sabia converted to deferred share units, a long-term incentive payout of $3 million CAD and other compensation, the filing shows. Bell Canada also posted record revenue increases for the previous fiscal year. C$ redirects here. ...


Under pressure from investors, on October 11, 2006, BCE announced it would be wound down, with its remaining assets converted to an income trust. The new entity was planned to be named "Bell Canada Income Fund". As part of this restructuring, Bell Aliant offered to take Bell Nordiq private, while remaining separate from the new Bell trust.[6] Due to announced changes in taxation law by the Canadian federal government, on December 12, 2006, BCE announced it would not proceed with its planned conversion to an income trust, but would go ahead with its plans to simplify the corporate structure and eliminate the BCE holding company. On June 6, 2007, BCE shareholders approved renaming BCE Inc. to Bell Canada Inc.[7] Bell plans to have two operating business units: Bell and Bell Aliant Regional Communications.[8] An income trust is an investment trust that holds income-producing assets. ... An income trust is an investment trust that holds income-producing assets. ...


On April 30, 2007, the Canadian Radio-television and Telecommunications Commission (CRTC) announced its decision to allow pay phone rates for Bell Canada, Telus, Bell Aliant, SaskTel, and MTS Allstream to increase from 25 cents to 50 cents, starting as early as June 1. The CRTC also permitted local rural rates to increase by the lesser of the annual rate of inflation or five percent, and removed price caps on optional rural services, such as call display and voicemail.[9] On June 2, 2007, Bell Canada increased the cost of a local pay phone call to 50 cents when paid in cash and one dollar when paid by calling card or credit card,[10] Bell's first increase in pay phone rates since 1981.[9] is the 120th day of the year (121st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... The Canadian Radio-television and Telecommunications Commission (CRTC, in French Conseil de la radiodiffusion et des télécommunications canadiennes) was established in 1968 by the Canadian Parliament to replace the Board of Broadcast Governors. ... is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... is the 153rd day of the year (154th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...


Acquisition by the Ontario Teachers' Pension Plan

Due to its stagnant share price, starting in April 2007, BCE was courted for acquisition by pension funds and private equity groups, including a consortium led by the Canada Pension Plan Investment Board (with Kohlberg Kravis Roberts as one of the participants), a consortium led by the Ontario Teachers' Pension Plan, and a consortium that included Cerberus Capital Management.[11] The transaction would give the OTPP effective control of Bell's 15% share in CTVglobemedia, thus bumping OTPP's share up to 40%, putting it at parity with The Woodbridge Company. The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. ... Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. ... The Ontario Teachers Pension Plan is the pension plan for the public school teachers of Ontario. ... Cerberus Capital Management LP is one of the largest private equity investment firms in USA. The firm is based in New York, N.Y., and run by 47-year-old financier Steve Feinberg. ... “Baton Broadcasting” redirects here. ... The Woodbridge Company Limited is a Canadian holding company owned by the Thomson family and the principal shareholder of The Thomson Corporation. ...


On June 30, 2007, BCE accepted a bid from the group led by the Ontario Teachers' Pension Plan of $42.75 per share in cash, for a total valuation of $51.7 billion, the largest acquisition in Canadian history and one of the largest in world history.[12] BCE shareholders approved the acquisition on September 21, 2007.[13] The proposal now requires the approval of certain regulatory authorities, including Industry Canada and the Financial Services Commission of Ontario, the pensions regulator, confirming an arrangement to hand two-thirds voting control of BCE to a retired Teachers executive P. Morgan McCague. is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... The Ontario Teachers Pension Plan is the pension plan for the public school teachers of Ontario. ... is the 264th day of the year (265th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Industry Canada is the department of the Government of Canada with responsibility for regional economic development, investment, and innovation/research and development. ...


The transaction is expected to close by mid-May 2008 however UBS analyst Jeffrey Fan hedged on his earlier position that CRTC approval would be a slam-dunk, saying “obtaining a statement from FSCO that indicates the deal complies with pension legislation is now a key step in receiving CRTC’s final approval.” He noted a lack of precedentfor the situation, adding: “the timeline to obtaining such an FSCO statement is less clear.”[14]


Green Party calls on Harper Government to halt BCE sale

The Green Party says the Harper government should cease threats to trigger an election over the Registered Education Savings Plan (RESP) private member’s bill, passed by Parliament. “Prime Minister Stephen Harper should stop attempting to subvert the will of Parliament by declaring this bill a confidence motion,” said Green Party leader Elizabeth May. “He could easily fund this tax cut by halting the attempted takeover of Bell parent company BCE by the Ontario Teachers’ Pension Plan. If Teachers’ takeover bid is successful, federal government coffers will be robbed of anywhere from $800 million to $1 billion in lost tax revenue. This money could be put to better use providing parents with a tax break on education savings.”[15] The Green Party of Canada is a Canadian federal political party founded in 1983. ... A Registered Education Savings Plan or RESP is a savings account used by parents to save for their childrens post-secondary education in Canada. ... This article is about the leader of the Green Party of Canada. ... The Ontario Teachers Pension Plan is the pension plan for the public school teachers of Ontario. ...


Catalyst Asset Management proposal

In January 2008, Brent Fullard of Catalyst Asset Management reminded BCE bondholders and the consortium led by the Ontario Teachers' Pension Plan that BCE shareholders were not informed, in proper accordance with securities disclosure rules, of the Catalyst share exchange recapitalization proposal in BCE’s August 7, 2007 Management Information (Bid) Circular and which his firm submitted to BCE on June 25, 2007 to the members of the strategic oversight committee. That proposal, involving an exchange of BCE’s common shares into so-called stapled securities, was sent to Donna Kaufman, the Chair of the four member strategic oversight committee of BCE's. A copy of the Catalyst Proposal was also sent to Ed Waitzer, the Stikeman Elliott advisor to the Kaufman committee, as well as discussed with him and Special Committee member Jim Pattison. Unlike the takeover deal proposed by the OTPP, the Catalyst proposal poses no regulatory or timing risk when compared with alternative private equity and merger alternatives that will involve extensive parliamentary, regulatory, CRTC and competition review. In addition the Catalyst Proposal, since it was a share exchange, gave investors the opportunity for a significant portion of capital gains rollover. Because the Catalyst proposal wasn't disclosed to BCE shareholders, Fullard charges Bell has contravened its disclosure requirements, and therefore the shareholder vote held on September 21, 2007 was tainted.[16] [17] is the 219th day of the year (220th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 176th day of the year (177th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... James (Jim) Allen Pattison, born October 1, 1928 is a Vancouver-based entrepreneur who is the Chairman, President, CEO, and sole owner of the Jim Pattison Group. ... is the 264th day of the year (265th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...


In addition, BCE has written a letter dated January 4, 2008 to the CRTC in an attempt to prevent Brent Fullard from presenting to the CRTC the benefits of the Catalyst Proposal to all stakeholders and therefore the CRTC.[1] is the 4th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ...


"This deal as presently constituted defies many of what the Telecommunications Act's policy objectives are," Brent Fullard said in an interview as it engages in a battle with BCE to present his case directly to the CRTC.


"Because it is a suboptimal outcome for the CRTC, it's incumbent on them to ask, were there other possible outcomes that were available contemporaneously to the company that were in fulfillment of not only the company's goals but in greater fulfillment of its policy objectives." [18]


On February 4, 2008 a Catalyst Asset Management ad "What BCE doesn't want you to know about its private leveraged buyout" appeared in the Ottawa Hill Times suggesting the BCE takeover led by the OTPP consortium contravenes 3 acts of Canada's Parliament. is the 35th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ...


BCE has twice attempted to stop Fullard and his firm, Catalyst Asset Management, from appearing before the upcoming hearings before the CRTC, the key regulator for the telecommunications industry.Fullard has been very critical that BCE never disclosed the fact that it received a proposal from his firm, one he argues would offer higher valuations, no downgrades of BCE's credit status and no fights with the bondholders. [19]


In February, 2008 Catalyst Asset Management ads "Everything about the Catalyst Proposal that BCE doesn't want its shareholders or the CRTC to know" and "BCE's Leveraged Buyout is a foreign takeover" appeared in Ottawa's Hill Times outlining the differences in the two proposals. 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... The Hill Times is a small but influential national Canadian newsweekly, covering government and politics. ...


CRTC approves Bell Takeover

On March 27, 2008, the CRTC approved the Ontario Teachers' Pension Plan takeover of Bell Canada. The CRTC said the approval was subject to certain conditions, most designed to ensure that the iconic company remains under control of Canadians. The proposal now requires the approvals of other authorites including the Finical Services Commission of Ontario and Industry Canada. is the 86th day of the year (87th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... Industry Canada is the department of the Government of Canada with responsibility for regional economic development, investment, and innovation/research and development. ...


Project Cleanfeed Canada

In November 2006, Bell, Bell Aliant, MTS Allstream, Rogers, Shaw, SaskTel, Telus, and Videotron, in conjunction with cybertip.ca (a nationwide tipline for reporting the online sexual exploitation of children), announced the creation of Project Cleanfeed Canada, an initiative designed to block access to child pornography sites. It is based on a similar program introduced by British Telecom in 2004.[2] Project Cleanfeed Canada uses an encrypted blacklist of known child-pornography sites operating outside the country and targets only those sites that offer images of prepubescent children. Bell Aliant Regional Communications is a communications company providing services primarily in rural areas throughout eastern Canada, as Aliant in Atlantic Canada and as Bell in central Canada. ... Manitoba Telecom Services (TSX: MBT), or MTS , formerly Manitoba Telephone System, is the primary telecommunications carrier in the Canadian province of Manitoba and the third largest telecommunications provider in Canada with 7000 employees. ... Rogers Communications Inc. ... Shaw Communications Inc. ... Saskatchewan Telecommunications (SaskTel) is a provincial Crown Corporation operating under the authority of The Saskatchewan Telecommunications Act. ... TELUS (TSX: T, NYSE: TU) is a Canadian telecommunications firm, the countrys second-largest telecommunications carrier after Bell Canada, with C$8. ... Vidéotron Limited is an integrated communications company active in cable television, interactive multimedia development, video on demand and Internet access services, serving Quebec, Canada. ...


However, some critics denounce the initiative, saying that this amounts to nothing more than internet censorship. [3] Others argue that it is a risk worth taking.[4] For other uses, see Censor. ...


Current operations

The BCE subsidiary Bell Canada has moved into new industries via new divisions such as Bell Sympatico, an Internet service provider; Bell Mobility, a cellular wireless service now operating in most Canadian provinces; Bell ExpressVu, one of Canada's two national satellite television providers; Bell Home Monitoring, a new division announced in February 2007; and Bell Distribution. Bell Sympatico, originally and frequently called Sympatico, is the consumer-side Internet service provider division of Bell Canada. ... “ISP” redirects here. ... Bell Mobility is the division of Bell Canada which sells wireless services in Canada. ... Cell phone redirects here. ... Bell ExpressVu is the division of Bell Canada Enterprises that provides satellite television service across Canada. ... Satellite television is television delivered by way of communications satellites, as compared to conventional terrestrial television and cable television. ...


BCE also owns 15% of CTVglobemedia, one of Canada's largest privately held media companies which owns the CTV television network and The Globe and Mail, a national newspaper, as well as other (primarily television) media assets. “Baton Broadcasting” redirects here. ... This article is about the Broadcast Television Network CTV, for the broadcasting television company see CTVglobemedia. ... The Globe and Mail is a Canadian English-language nationally distributed newspaper, based in Toronto and printed in six cities across the country. ...


In July 2006, Bell and former subsidiary Aliant completed a restructuring whereby Aliant, renamed Bell Aliant Regional Communications, took over Bell's wireline operations in much of Ontario and Quebec (while continuing to use the "Bell" name in those regions), as well as its 63% ownership in rural lines operator Bell Nordiq (a publicly traded income trust that controls NorthernTel and Télébec). These are in additional to Aliant's most of operations in Atlantic Canada. In turn, Bell has assumed responsibility for Aliant's wireless and retail operations. Bell Aliant, now itself an income trust, is currently 73.5% owned by Bell. Bell Aliant Regional Communications is a communications company providing services primarily in rural areas throughout eastern Canada, as Aliant in Atlantic Canada and as Bell in central Canada. ... NorthernTel (formerly Northern Telephone) is a telephone company in Ontario, Canada. ... Telebec is a telephone company located in the province of Quebec in Canada. ... HI Eric u suck!!!!!!!!!!!!! from,Trevor and Dalton ...


Other company assets include satellite systems integrator Telesat Canada, Western Canada CLEC Bell West, and a 29% minority stakes in IT service provider CGI. All in all, BCE partially or fully owns 17 companies in the fields of telecommunications, media, and information technology. e-Business unit Emergis was spun off in 2004. Telesat Canada is a Canadian satellite communications company owned by BCE Inc. ... A competitive local exchange carrier (CLEC), is a telecommunications provider company (sometimes called a carrier) that competes with other, already established carriers (generally the incumbent). ... Emergis Incorporated (TSX: EME) is a Canadian e-Business company dealing with interactions between companies and electronic commerce. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


Shifting its focus to IP, Bell has in recent years deployed MPLS on their nationwide fibre ring network in anticipation of upcoming consumer and enterprise-level IP applications, such as IPTV and VoIP. The Internet Protocol (IP) is a data-oriented protocol used for communicating data across a packet-switched internetwork. ... MPLS is a common abbreviation for Multiprotocol Label Switching. ... This article is about internet protocol television. ... IP Telephony, also called Internet telephony, is the technology that makes it possible to have a telephone conversation over the Internet or a dedicated Internet Protocol (IP) network instead of dedicated voice transmission lines. ...


Corporate governance

Current members of the board of directors of Bell Canada Enterprises are: Richard Currie, André Bérard, Ronald Brenneman, Anthony Fell, Donna Kaufman, Brian Levitt, Edward Lumley, Judith Maxwell, John McArthur, Thomas O'Neill, Jim Pattison, Robert Pozen, Michael Cora, Paul Tellier, and Victor Young. Chairman of the Board redirects here. ... Richard J. Currie is a Canadian businessman. ... André Bérard (born 1940) is a Canadian businessman and former President, Chief Executive Officer and Chairman of the Board of the National Bank of Canada. ... Anthony S. Fell is a Canadian businessman and chairman of RBC Capital Markets. ... The Honourable Edward C. Lumley, PC (born July 8, 1934) is a corporate executive and former Canadian politician. ... John McArthur was a Union general during the American Civil War. ... James (Jim) Allen Pattison, born October 1, 1928 is a Vancouver-based entrepreneur who is the Chairman, President, CEO, and sole owner of the Jim Pattison Group. ... Robert Pozen (born 1946) is a prolific law-and-economics scholar and practicing lawyer who has served as professor at NYU and Georgetown and visiting professor at Harvard Law School, as the head of Fidelity Investments, and on several political projects for both Democrats and Republicans, including George W. Bush... The Honourable Paul M. Tellier, PC , CC , LL.L (born 1939) is a prominent Canadian businessperson. ...


See also

Former BCE units: Bell Tower is an office tower in Edmonton, Canada. ...

Teleglobe is an international telco carrier. ... VSNL International Canada (formerly called Teleglobe) is an international telco carrier. ... Northern Telecommunications Networks, commonly known as Nortel, is a telecommunications equipment manufacturer headquartered in Canada. ...

References

  1. ^ BCE Annual Report. Retrieved on 2006-06-29.
  2. ^ BCE: Profile for B C E INC. Retrieved on 2007-12-08.
  3. ^ About BCE — History. BCE Inc.. Retrieved on 2007-06-30.
  4. ^ Macklem, Katherine (2002-05-06). Monty quits as BCE CEO (HTML). Maclean's Magazine. Retrieved on 2007-06-29.
  5. ^ BCE, Inc. (2002-06-28). "BCE to Own 100 per cent of Bell Canada". Press release. Retrieved on 2007-06-29.
  6. ^ BCE to be wound down, Bell Canada to convert to income trust, BCE press release, October 11, 2006
  7. ^ United States SEC filing, June 12, 2007, Form 6-K. Securities and Exchange Commission (2007-06-12). Retrieved on 2007-06-30.
  8. ^ BCE, Inc. (2006-12-12). "Bell announces 2007 business outlook - Improving revenue and EBITDA growth in 2007 guidance". Press release. Retrieved on 2007-01-11.
  9. ^ a b Hello? The 50-cent pay phone call is coming (HTML). Canadian Broadcasting Corporation (2007-04-30). Retrieved on 2007-12-14.
  10. ^ Bell's pay phone price increases to 50 cents Saturday (HTML). Canadian Broadcasting Corporation (2007-06-01). Retrieved on 2007-12-14.
  11. ^ Telus's exit likely to pull down price of BCE bids (HTML). Reuters (2002-06-27). Retrieved on 2007-06-29.
  12. ^ Teachers win BCE bid (HTML). CanWest News service (2007-06-30). Retrieved on 2007-06-30.
  13. ^ BCE holders approve giant buyout (HTML). Toronto Star (2007-09-22). Retrieved on 2007-10-01.
  14. ^ Olijnyk, Zena. CRTC approval of BCE deal not necessarily a slam-dunk: UBS. network.nationalpost.com. Retrieved on 2008-02-27.
  15. ^ Harper should fund RESP bill by halting BCE sale. www.greenparty.ca. Retrieved on 2008-03-13.
  16. ^ Catalyst's Bell bid silenced. www.financialpost.com. Retrieved on 2008-01-30.
  17. ^ Welcome to Canadian Solution. Catalyst Asset Management. Retrieved on 2008-01-30.
  18. ^ The Canadian Press: BCE objects to Catalyst being allowed to intervene at CRTC hearings into sale. canadianpress.google.com. Retrieved on 2008-02-04.
  19. ^ Critchley, Barry. Fullard's feisty BCE fight. www.financialpost.com. Retrieved on 2008-02-11.

Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 180th day of the year (181st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 342nd day of the year (343rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 126th day of the year (127th in leap years) in the Gregorian calendar. ... HTML, an initialism of Hypertext Markup Language, is the predominant markup language for web pages. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 180th day of the year (181st in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 179th day of the year (180th in leap years) in the Gregorian calendar. ... For information on Wikipedia press releases, see Wikipedia:Press releases. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 180th day of the year (181st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 163rd day of the year (164th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 346th day of the year (347th in leap years) in the Gregorian calendar. ... For information on Wikipedia press releases, see Wikipedia:Press releases. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 11th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 120th day of the year (121st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 348th day of the year (349th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 348th day of the year (349th in leap years) in the Gregorian calendar. ... HTML, an initialism of Hypertext Markup Language, is the predominant markup language for web pages. ... Also see: 2002 (number). ... is the 178th day of the year (179th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 180th day of the year (181st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 265th day of the year (266th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 274th day of the year (275th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 58th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 72nd day of the year (73rd in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 30th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 30th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 35th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 42nd day of the year in the Gregorian calendar. ...

External links


  Results from FactBites:
 
Bell Canada (927 words)
Bell's predecessor companies, controlled by Alexander Melville Bell (father of Alexander Graham Bell), offered point-to-mass content services over telephone lines as early as 1877: songs, duets, glees, and sermons, for example, were transmitted for reception by subscribers using ordinary telephone instruments as receivers.
Bell Canada and other Canadian telephone companies for many years argued, however, that they should be permitted to own exclusively any and all communication wires into the home or office, including the cable TV connection.
Bell has argued further that telephone companies should now be permitted to enter directly the cable television industry, whether by leasing bandwidth from cable companies or by interconnecting their own coaxial or fibre optic facilities with those of cable companies, in order to receive signals for retransmission from cable head-ends.
Bell Canada - Wikipedia, the free encyclopedia (1630 words)
Bell Canada logo used from 1902 to 1922.
Graham Bell assigned 75% of the Canadian patent rights to his father, Melville Bell, who, with a friend, Reverend Thomas Henderson, leased pairs of wooden hand telephones for use on private lines constructed by the client from, for example, a store to a nearby warehouse or from a business to an executive's residence.
Bell Canada originally extended lines clear from Nova Scotia to the foot of the Rocky Mountains in what is now Alberta.
  More results at FactBites »

 
 

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