Cable / Telecom News

COMMENTARY: Will Ted now compete with Jim, or Louis, or PK?


TED ROGERS TURNED TO AN old friend this week to expand his telecom empire, but was a little unclear whether or not he’ll use his new hammer to nail his cable friends while building local telephony across the country. Today, Rogers Communications announced it would purchase Call-Net Enterprises, which does business mainly under the Sprint Canada name, in a $330 million all-stock deal. Still a money-losing competitive local exchange carrier (its net loss in 2004 was $78.4 million), Call-Net did book revenues last year of over $818 million and EBITDA of $105 million. Call-Net CEO Bill Linton is a former...