Cable & Telecom

BCE sells SkyTerra stake for $11M

MONTREAL – Bell Canada parent BCE has finalized the sale of its 22.1 million shares in satellite services company SkyTerra Communications for approximately $111 million.The company said Tuesday that the move will allow Bell to focus on its Canadian broadband network and service investment."The sale of our interest in SkyTerra is a perfect example of BCE's commitment to eliminate holdings in businesses that do not enhance the execution of Bell's strategic imperatives," said BCE and Bell Canada CFO Siim Vanaselja, in a statement. "The proceeds of such transactions support Bell's strategy to invest in broadband network and service expansion while achieving...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.