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Bell to acquire national electronics retailer The Source
<< Supports Bell\'s strategy to accelerate wireless and leverage momentum in digital television, high-speed Internet and home phone services Adds more than 750 stores across Canada to Bell\'s national distribution network >> MONTREAL, Quebec, March 2 /CNW Telbec/ - Bell today announced it has agreed to acquire national consumer electronics retailer The Source to further enhance the growth of Bell\'s wireless, digital TV, Internet and home phone services. \"The Source is a respected leader in consumer electronics retailing right across Canada. Its acquisition supports Bell\'s strategic imperatives to accelerate wireless and leverage momentum in wireline services like Bell TV, Bell Internet and Bell Home Phone,\" said George Cope, President and CEO of Bell and BCE. \"With its strong national presence, brand, and management team, acquiring The Source represents a competitive and cost-effective approach to ensuring Bell\'s leadership in delivering the best communications products to Canadians,\" Mr. Cope said. \"Expanding the number of places people can buy Bell products is a core element in the execution of Bell\'s strategy to achieve our goal: To be recognized by customers as Canada\'s leading communications company.\" In addition to its extensive lineup of consumer electronics products, The Source plans to carry the full array of Bell consumer services at its more than 750 stores across Canada, including Bell Mobility, Solo Mobile and potentially Virgin Mobile wireless products and services, Bell TV\'s industry-leading High Definition television services, high-speed Bell Internet, and Bell Home Phone products, by January 2010. The Source will continue to operate independently from Bell following its acquisition and will maintain its well-known national brand, broad range of communications, computing and audio products, and its seasoned management team to be led by Ron Cuthbertson, a respected 30-year retail veteran and most recently President of The Source. \"The Source\'s new relationship with Bell will make the most of the combined strengths of both organizations in terms of products, service and national brand strength,\" said Mr. Cuthbertson. \"Combining Bell\'s industry-leading roster of communications services with the brand, distribution presence, and consumer retailing expertise of The Source will contribute positively to the long-term growth of both businesses going forward.\" The Source has a track record of profitability over the past seven years. LTM (latest twelve month) revenue as of December 31, 2008 was approximately $643 million while LTM EBITDA(1) (earnings before interest, taxes, depreciation and amortization) was approximately $27 million for the same period. The acquisition of The Source and its more than 750 retail stores, most of them in high-traffic mall locations, is a faster and more cost-effective approach to increasing Bell\'s national distribution footprint than building out new retail locations. More than 70% of Canadians live within five kilometres of stores operated or licensed by The Source, and more than 80 million technology-savvy consumers shop at The Source each year. Bell is acquiring substantially all of the assets of The Source, which was acquired by Circuit City Stores, Inc. in March 2004. On November 10, 2008, Circuit City and certain of its U.S. subsidiaries voluntarily commenced bankruptcy proceedings under Chapter 11 of the United States Bankruptcy Code and The Source commenced a voluntary proceeding under the Companies\' Creditors Arrangement Act (CCAA). Bell is acquiring The Source pursuant to the court monitored sale process being managed by NM Rothschild & Sons Canada Ltd. in connection with the proceedings under the CCAA. Subject to court approval and other customary conditions to closing, the transaction is expected to close in Q3 2009. Due to the nature of the sale process and at the request of The Source, Bell does not expect to disclose the purchase price until after the completion of the transaction. bell mobility mobilite canada lasource radio shack buy radio-shack quebec toronto news financial ower sympatico hse express vu Get a 50 Shoppers Drug Mart gift card with Telus Get a $50 Shoppers Drug Mart gift card with the purchase of any phone on a 3 year contract.. Just enter promotion code: MAKEUP on the checkout form. Hurry, promotion ends May 11, 2008. Telus offer many time deal in the past with other store like FutureShop.  telus pharmaprix drug mart drugmart gitf card cadeau cellphone mobile canada reiview deal used money free promo Buy your movie ticket with your cell Bell Mobility Bell and Cineplex Entertainment Launch Mobile Ticketing in Canada. You may now, if you have one Bell Mobility, buy movie tickets in advance and you pay on your account Bell Mobility with some user fees whose prices we are unknown at the moment. For tickets, simply send a text message with the word \"tickets\" to 5867. The system of Bell Mobility will send you a reply by text message containing a web link that will display a page of purchase. When you choose your film and completed the purchase on your mobile device, a code-bar appears in your cell phone. At Cineplex center you do what your cellphone positioned in front of a reader who is in the scanning booth. You will then receive tickets which will allow you to enter into a movie show. 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It is available three colors is the dark black, it pink and blue harms. It is also equipped with a connection Bluetooth 2.0 which makes it possible to use several accessories.  sprint katana 2 scp-6650 slim cellphone mobile cellular cellulaire bluetooth canada Sanyo 6650 scp in canada To synchronize your Mobile Windows on your Mac OS X Mark/Spac Inc has just announced an update major of its software of synchronization for Windows Mobile called Missing Sync For Windows Mobile. A fourth version of this software makes it possible to support Windows Mobile 6.0 and allows also encoder videos or to record its recent polling list. The software obviously makes it possible to also synchronize the files Word, Excel, PowerPoint, iCal or Entourage 2004.  windows mobile mac os x missing sync mobile word excel software book address note calendar call log in canada Sony Ericsson reveals K770 Victoria As envisaged, Sony Ericsson revealed one of its next devices, so known K770 under the name of Victoria code. It is about a device of the Cyber-Shot category which includes a camera of 3.2 mega pixels. A screen of 1.9 inch QVGA will enable you to look at your photographs well. It is sold with a card of 256 megs m2. It is also very light and extremely thin. It should be available towards the end of the year in Europe and no price was still made public.  sony ericsson canada victoria k770 cybershot qvga 3.2 pixels cellphone mobile europe cellulaire cellular in canada A Blackberry Pearl 2 for soon Rumours circulate on Internet with the effect that a Blackberry Pearl 2, in the name of Komet code, and would be available on September 7 at Vodaphone in Europe and towards mid-September at AT&T in the United States. One also speaks about a version CDMA for Verizon and Sprint, but later in autumn. None of its information was confirmed by the principal interested parties, but they are very plausible. No information was still revealed for a Blackberry Pearl 2 in Canada. rim blackberry pearl pearl 2 Verizon att sprint bell telus rogers fido canada cdma in canada |
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