UPDATE: Bell buys Cable VDN for $26 million

MONTREAL - Bell Canada today today announced the purchase of the residential assets of MDU cable operator Cable VDN. Based in Montreal, Cable VDN offers analog and digital television (under the brand MAXTV) and high-speed Internet to customers living in apartments and condos in a large segment of the city (see map, from VDN’s web site). The company - part owned by lead investor and president Philip Gale and minority shareholder Gaz Metropolitan, among others - also holds a BDU license for downtown Toronto, which it received in January of this year.The purchase price is $26 million and the release...