Cable / Telecom News

Forbes to quit Aliant before trust creation


SAINT JOHN, N.B., and MONTREAL – Aliant CEO Jay Forbes announced today he'll be leaving the company on July 31st. By then, it's expected that substantially all of the necessary regulatory approvals will have been received for the creation of the new Bell Aliant Regional Communications Income Fund as announced on March 7th* of this year and reported by www.cartt.ca.The new income trust, which is to be headquartered in Atlantic Canada, will hold approximately 3.4 million lines in the east, as well as many small to intermediate-sized towns in Ontario and Quebec. Stephen Wetmore, a former NewTel and Aliant CEO,...