Bell Mobility acquires full ownership of Virgin Mobile Canada May 7, 2009
Bell is wholly owned by BCE Inc. For information on Bell's products and services, please visit. For corporate information on BCE, please visit. (Canada Newswire)
Caisse boss defends Quebec roots May 6, 2009
The appointment of Mr. Sabia, an Ontario-born anglophone and former head of Bell Canada parent BCE Inc., raised eyebrows in Quebec where the Caisse is widely expected to act as the champion of the province's French-speaking business class ... Mr. Aussant was referring to Mr. Sabia's decision as chief executive officer of BCE Inc. to engineer a $35-billion leveraged buyout of the telecom giant by Ontario Teachers Pension Plan. (Globe and Mail -- National)
Loblaw, WestJet report earnings, Tuesday May 2, 2009
Globe and Mail Update. May 1, 2009 at 3:53 PM EDT. (Globe and Mail -- Business)
Scott Thomson, 38 May 1, 2009
"I was doing well at Goldman Sachs, but left to go to BCE Inc. with no background in telecom. I left telecom to go to oil and gas, without ever having been a chief financial officer.". Mr. Thomson arrived at Talisman in July, after spending five years at BCE as vice-president of corporate development. (Globe and Mail)
Sabia targets Caisse controls over risk May 1, 2009
Risk management is not only a question for the risk management team, Mr. Sabia, the former BCE Inc. chief executive officer named Caisse CEO in March, said on a conference call with journalists ... Michael Sabia, the former CEO of BCE Inc., was named last month by Liberal Premier Jean Charest to run the Caisse. (Globe and Mail)
Monty speaks out on his BCE record Apr 20, 2009
It has been seven years since Jean Monty resigned as CEO of BCE Inc., and his legacy remains a subject of intense public debate. In recent weeks, his name has surfaced once more, as his successor at BCE, Michael Sabia, became the controversial choice to head the massive pension fund, the Caisse de dpt et placement du Qubec. (Globe and Mail -- Business)
Teachers' bet Apr 19, 2009
The Ontario Teachers' Pension Plan's daring takeover of BCE Inc. rides on the shoulders of one man: Jim Leech ... But none of those deals even came close, in size or complexity, to what Leech has taken on with the $35-billion takeover of BCE Inc. The saga of the deal's closing still going, many months and one trip to the Supreme Court later could fill a good-sized book. (Globe and Mail -- Business)
Manulife reverses stand, allows say on pay Apr 17, 2009
With Manulife agreeing to adopt say on pay, the practice has now been embraced by Canada's seven largest banks and two largest insurers, as well as other companies such as BCE Inc., TMX Group Inc. and Potash Corp. of Saskatchewan Inc.. (). (Globe and Mail -- Business)
Cellphone subscriber growth tanks, Telus says Apr 11, 2009
Telus's stock price declined 10 per cent in afternoon trading, Rogers Communications Inc.'s fell 6 per cent and shares of Bell Canada's parent BCE Inc. dipped 1 per cent.. Telus, the nation's No. 2 phone company, said it netted 48,000 new cellphone customers in the quarter, 46 per cent fewer than the 88,000 added a year earlier. (Globe and Mail -- Business)
Quebec's finance minister resigns Apr 9, 2009
" The decision to quit only four months after her re-election may been seen as a sign of the growing troubles the government has faced in the past few weeks. Ms. J?r?me-Forget had to navigate through one political storm after another starting with the nearly $40-billion losses at the Caisse de d?p?t et placement du Quebec. Opposition leader Pauline Marois noted the government has lost some key figures, including former Health minister Philippe Couillard last June. These are significant and... (Globe and Mail)
Montreal faces uphill battle in new economic order Apr 9, 2009
The new head of BCE Inc. has not taken up residence in the city that, officially anyway, is still home to the telecom giant's headquarters. Alcan's head office is shrinking under parent Rio Tinto. (Globe and Mail -- Business)
Sabia holds out olive branch to Quebec Inc. Apr 4, 2009
Caisse spokesman Maxime Chagnon said Mr. Sabia the former head of BCE Inc. will be meeting other executives as part of an effort to strengthen the links with Quebec business people. Mr. Sabia's appointment three weeks ago to the Caisse the powerful, $120-billion pension fund that posted disastrous losses in 2008 has stirred controversy in Quebec on a number of fronts. (Globe and Mail)
How much is too much? Apr 2, 2009
For months, BCE Inc. has been trying to shake its past performance, touting the energy, ideas and action of its new CEO George Cope after a rich takeover bid for the company collapsed. But on Wednesday, the past regime of Michael Sabia reared its head one more time as it emerged that the former president and chief executive officer left the company with a $21-million package last summer. (Globe and Mail)
BCE announces the purchase through private agreements of 10.3 million common shares under its normal course issuer bid Apr 1, 2009
MONTREAL, Quebec, March 30 /PRNewswire-FirstCall/ - BCE Inc. (TSX, NYSE: ) today announced that it will purchase for cancellation 10. 3 million of its common shares pursuant to private agreements with arm's-length third-party sellers. (PR Newswire)
Ontario tax harmonization will enable Bell to further accelerate service and network investment in the province Mar 30, 2009
Risks and assumptions that could cause actual results or events to differ materially from current expectations include, among others: general economic and credit market conditions, the level of consumer confidence and spending, and the demand for, and prices of, our products and services; our ability to implement our strategies and plans in order to produce the expected benefits; our ability to continue to implement our cost reduction initiatives and contain capital intensity while seeking to... (Canada Newswire)
Caisse de Depot Record Loss Will Cost Quebecers $709 Million in Interest Mar 21, 2009
Quebec hired former BCE Inc. head as CEO of the Caisse on March 13. Sabia, 55, took over from , who had been interim chief executive since November. (Bloomberg -- Canada)
Reducing costs a good lesson for ex-principal Mar 21, 2009
Portfolio: Extensive holdings include shares in Bank of Montreal, Bank of Nova Scotia, Suncor Energy Inc., TransAlta Corp., TransCanada Corp., Bombardier Inc., BCE Inc., and units in Enerplus Resources Fund, RioCan Real Estate Investment Trust and Paramount Energy Trust. Wayne Morris. (Globe and Mail -- Business)
Quebec to Post $6.2 Billion in Deficits in Two Years to Battle Recession Mar 20, 2009
Charest last week appointed former BCE Inc. Chief Executive Officer as the new head of the fund. Quebecs debt will rise to C$160. (Bloomberg -- Canada)
Sabia controversy heats up Mar 18, 2009
Mr. Sabia served until last year as CEO of BCE Inc., the owner of Bell Canada and a part-owner of The Globe and Mail. The speedy nature of Mr. Sabia's appointment has led some critics to say it appears that Mr. Charest had already decided on Mr. Sabia before the selection process was done. (Globe and Mail)
Roger's new steady hand Mar 17, 2009
Having a steady - and known - hand on the tiller is particularly important right now, Mr. Eckel said, because of increasing competition with archrival BCE Inc. and the possible entrance of new players into the telecommunication marketplace. Otherwise "things could go off the rails pretty quickly," he said. (Globe and Mail)
Dreier client list a celebrity who's who Mar 16, 2009
Ottawa Senators owner Eugene Melnyk was also a client, according to the filings, as was Bombardier Aerospace, Counsel Corp. and a subsidiary of BCE Inc.. The clients were officially entered as "creditors holding unsecured non-priority claims." None appeared to be owed money and some were surprised to be listed as a creditor. (Globe and Mail)
DRIP investments offer steady return for retired teacher Mar 14, 2009
Portfolio: Over two dozen Canadian and U.S. stocks, including BCE Inc., Bank of Montreal, Bank of Nova Scotia, Emera Inc., Enbridge Inc., Imperial Oil Ltd., RioCan Real Estate Investment Trust, Suncor Energy Inc., Telus Corp., TransCanada Corp., Abbott Laboratories, Johnson & Johnson and Coca Cola Co.. Bob Gibb. (Globe and Mail -- Business)
Caisse de Depot Names Sabia as Chief Executive After Fund's Record Loss Mar 14, 2009
March 13 (Bloomberg) -- Caisse de Depot et Placement du Quebec hired former BCE Inc. head as chief executive officer, ending a two-month search after Canadas largest pension-fund manager suffered a record loss. Sabia, 55, is taking over from , who had been interim chief executive since November, the Montreal-based fund manager said. (Bloomberg -- Canada)
Has Sabia jumped from the frying pan into the fire? Mar 14, 2009
He warned that detractors would say Mr. Sabia, 55, was a failure at BCE Inc., where he led the company through a painful reorganization and a private equity takeover which collapsed after he left ... Mr. Sabia moved to BCE Inc. as then-CEO Jean Monty was embarking on an acquisition binge to position the huge telecom holding company as a new-age player in media convergence. (Globe and Mail)
Quebec May Name Sabia as Caisse Chief Executive Officer, La Presse Says Mar 13, 2009
March 12 (Bloomberg) -- Quebec may name former BCE Inc. Chief Executive Officer CEO of the , La Presse newspaper reported, citing unidentified people familiar with the matter. Sabias nomination faces resistance within the governing Liberal Party of Quebec, La Presse said. (Bloomberg -- Canada)
Bell boosts presence in buying The Source Mar 3, 2009
Mr. Cope, chief executive officer of both Bell and BCE Inc., struck a deal on Monday to acquire The Source by Circuit City, which adds 750 stores to the company's retail portfolio ... BCE Inc. (BCE) Close: $24. (Globe and Mail)
Shareholders win voice on CEO pay Feb 28, 2009
A total of 15 major Canadian companies have received say-on-pay resolutions from shareholders this year, including household names such as BCE Inc. and Manulife Financial Corp.. Related Articles. (Globe and Mail -- Business)
Learning the value of value investing Feb 28, 2009
Portfolio: Torstar Corp., Fairfax Financial Holdings Ltd., BCE Inc., Royal Bank of Canada, Mackenzie Cundill Value Fund, Mackenzie Cundill Canadian Security Fund, Mackenzie Universal Canadian Growth Fund, and Mackenzie Universal Sustainable Opportunities Fund. . (Globe and Mail -- Business)
Prime Dividend Corp.: Financial Results to November 30, 2008 Feb 26, 2009
Investment Utilities & Banks Management Life Insurance Other Bank of AGF Management Ltd. Great-West Lifeco BCE Inc. Montreal Inc. The Bank of CI Financial Manulife Financial TransAlta Corp. Nova Scotia Income Fund Corp. CIBC IGM Financial Inc. Sun Life Financial TransCanada Inc. Corp. National Bank Power Financial of Canada Corp. Royal Bank of TSX Group Inc. Canada Toronto-Dominion Bank Selected Financial Information from the Statement of Financial Operations: For the year ending November 30,... (CCNMatthews Press Releases)
A buyer's market with few buyers Feb 22, 2009
The $35-billion BCE Inc. takeover was disconnected by fine print. A Russian oligarch's $1. (Globe and Mail)
Bell Canada's Olympian ambition Feb 17, 2009
Bell Canada, newly emerged from a failed takeover bid, hopes to make inroads in the West, David Ebner writes, with its sponsorship efforts at the Vancouver 2010 Games. From Monday's Globe and Mail. (Globe and Mail -- Business)
Dividends school retired professor Feb 14, 2009
Portfolio: Seven figures, split over a beating the TSX component that includes BCE Inc., Enbridge Inc., Manulife Financial Corp., Power Corp. of Canada, Sun Life Financial Inc., Toronto-Dominion Bank and TransAlta Corp., and an other component that includes Altria Group Inc., Brookfield Asset Management Inc., Emera Inc., Fortis Inc., ING Groep NV, Johnson & Johnson and Procter & Gamble Co.. My advice to others is that it is much easier and surer to get rich slowly,' says David Stanley. (Globe and Mail -- Business)
Paulson & Co. Bought BCE Last Quarter, Becoming Fourth-Largest Shareholder Feb 14, 2009
Feb. 13 (Bloomberg) -- Paulson & Co., the hedge-fund firm run by billionaire , became the fourth-biggest shareholder of BCE Inc. after buying 17. 1 million shares during the fourth quarter. (Bloomberg -- Canada)
Telus revenue rises but client growth slows Feb 14, 2009
Telus is in a three-way fight with rivals BCE Inc. and Rogers Communications Inc. for dominance of Canada's wireless market. Competition is poised to intensify further in coming months as a number of new entrants won wireless spectrum in a government auction last year and promise to roll out networks to compete with the established players. (Globe and Mail)
Dividends new target as Dow makes historic cut Feb 13, 2009
In Canada, companies that have raised their dividends recently include BCE Inc., TransCanada Corp. and TransAlta Corp.. But in dollar terms, U.S. dividend cuts outweigh dividend increases by a factor of about 37 to one. (Globe and Mail -- Business)
Wireless growth brought back down to earth Feb 12, 2009
"Growth hides all sins, and wireless has had nothing but growth for the last 20 years," said George Cope, president and CEO of BCE Inc. and its main subsidiary, Bell Canada. The phone giant began an overhaul of all its operations when Mr. Cope took the helm last summer, and the wireless unit implemented its own cost cutting. (Globe and Mail -- Business)
BCE hikes dividend by 5% Feb 12, 2009
In its first report to shareholders since its privatization deal collapsed last year, BCE Inc. posted a loss of $48-million or six cents a share for the fourth quarter, compared with a year-earlier profit of $2. 35-billion, or $2. (Globe and Mail -- Business)
BCE boosts dividend 5% Feb 12, 2009
Bell Canada parent BCE Inc. is raising its dividend five per cent in a move to shore up investor confidence after the demise of its takeover. The telecom giant said Wednesday that it lost $48 million in the fourth quarter, or six cents per share, compared with a year-earlier profit of $2. (Toronto Star)
How an alleged con preyed on the BCE deal Feb 12, 2009
NEW YORK and TORONTO When the Ontario Teachers' Pension Plan thrust BCE Inc. into an auction in 2007, all manner of people came out of the woodwork in hopes of a quick payday. There were bankers and lawyers. (Globe and Mail)
Communications sector set to usher in fourth wireless age Feb 12, 2009
Canada s other top carriers, Telus Corp. (TSX:T) and BCE Inc. s (TSX:BCE) Bell Canada, use the other leading 3G standard: code division multiple access (CDMA), which is considered by some to be superior to GSM for connectivity and data transfer speed. GSM, however, has more consumer-friendly features. (Business in Vancouver)
