Cable / Telecom News

Bell closes two deals for $277 million; brings Blumenthal in


MONTREAL – Bell Canada finished off a pair of acquisitions today that will boost both its wireless subscribers as well as its branding and distribution capabilities. First off, the company has completed its previously announced $135 million purchase of Canadian electronics retailer The Source. Now operating independently as The Source and as La Source in Québec, the company is already selling Bell TV, and will offer Bell and Virgin Mobile wireless products exclusively in January 2010. The stores used to sell Shaw Direct (formerly Star Choice) gear, but no more. The Source had been owned by the bankrupt U.S. retail...