Cable & Telecom

Telesat IPO coming as part of new BCE strategy

TORONTO – At its business review/investors’ day in Toronto today, Bell Canada will make several announcements. They include: * Placing 1.6 million regional/rural phone lines into an income trust * Recapitalizing Telesat and launching an IPO * Buying back 5% of BCE shares * Paying down corporate debt "BCE's strategy is to create value for shareholders over the medium and longer terms by re-building our core communications business on growth platforms that produce increasingly profitable revenue streams," said Michael Sabia, president and CEO of BCE, in a release. "As we transform Bell, the company will act to create value for...