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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 Telus help Canadian snowboard Athletes This is the first time TELUS has presented the annual award, which will provide $50,000 each year in performance bonuses to National Team and other athletes entered by the CSF into major competitions. \"TELUS has a long-term commitment with the CSF to ensure the ongoing development and future success of young boarders across the country,\" said Steve Podborski, executive director of TELUS Sport Marketing. \"TELUS is proud to give our Canadian athletes a boost, and we\'re happy these cash awards will help our country\'s elite snowboard athletes focus on winning rather than fundraising as they continue driving for the podium.\" Athletes receiving awards include Maelle Ricker of North Vancouver; Jasey-Jay Anderson, Mont Tremblant, QC; Drew Neilson, North Vancouver, B.C.; Rob Fagan, Cranbrook, B.C.; Tom Velisek, Squamish, B.C.; Dominique Maltais, Montreal, QC.; Derek Wintermans, Vancouver, B.C.; Mike Robertson, Canmore, AB; Ryan Hickey, North Bay, ON; Matt Morison, Burketon, ON; Brad Martin, Ancaster, ON; Jeff Batchelor, Oakville, ON; Crispin Lipscomb, Whistler, B.C.; Sarah Conrad, Halifax, NS; Neil Connolly, Whistler, B.C.; Ryan Rausch, Vancouver, B.C. telus mobility canada olympics price athletes mobile snow winter summer games vancouvert whistler olympique bonus koodo national team quebec bcm whistler winter hiver donate Maybe T Mobile in Canada for 3G auction Information, provided by a CIBC internal note, T-Mobile want go outside Europe and United State for new market and CIBC think it’s a good idea for T-Mobile to come in Canada. T-Mobile already in USA don’t want buy an existing network but build a new 3G network have declared the Deutsche Telekom president at Financial Times last week. The only problem for T-Mobile (based in Germany), the Canadian Telecommunication law want the owner of a telecommunication company are Canadian, but about CIBC, the law maybe change in few years.  tmobile mobile Canada 3g gsm cdma used t-mobile cellphone wireless unlock buy. Deutsche telekom germany Red at Telus for Samsung U410 and LG Chocolate Spin Telus have add 2 new color for aircraft that already existed. The Samsung U410 and LG Chocolate Spin are now available in red. Telus seems to bet heavily on personalization of its cellphone with the Samsung SCH-R500 which are sold with 2 cover of a different color, red and blue.   telus color red blue canada review samsung u410 lg chocolate spin mobile cellphone wireless phone test question Telus and Handmark offers Pocket Express in trial version Handmark and Telus have just announced the launch of an online store, managed by Handmark, on the site of Telus Mobility. Since some times Telus try to seduce users of Smartphone. Several software packages are available on this new section of the site Telus but specially Handmark software, Pocket Express. This software is available for a period of 30 days in free trial to all Telus customers, which has a Smartphone. All device (Blackberry, Palm, Windows Mobile device) sold now are at Telus are compatible with this software, which offers news, airport schedules, Stock Exchange and still full of other information. www.telusmobility.com/mobileapps  telus handmark canada cellphone pohne software mobile pocket express windows blackberry store palm device smartphone Telus launches Samsung SCH-R500 A new device is now available at Telus and it is with Samsung that Telus has heard. These are still very simple and has a reasonable price anyway. He has a camera 1.3 mega pixels and a Bluetooth stereo connexion. It does, however, nothing exceptional but from the fact that it is sold with 2 covered red and blue to personalize your phone. \"Mobile phones are more than a way for Canadians to talk to each other. They are an extension of personal style and a way to stay entertained wherever you are. The Samsung R500 is a reflection of this evolution in communications with its access to SPARK entertainment and messaging services and interchangeable faceplates,\" said David Neale, TELUS senior vice-president of Products and Services.     telus samsung sch canada review R500 mobile cellphone cover color red blue More rumors of Iphone in Canada at Apple We received a lot of e-mail (Thanks Migg and Gadgetorama) informing us that the Canadian web site of Apple posted a conference on the iPhone in Eaton Center of Toronto. We have been get a photo of the screen announcing this event. This is a conference to teach you how to use your \"new iPhone.\" The meetings are scheduled on Saturday afternoons from 10 November to 24 November. It also seems possible to register for these meetings, but the Apple site informs us that the activity is now \"reserved\". You be the judge, maybe is just an error of Apple Webmaster but it really begins to feel the iPhone. Apple iPhone Unlocks & Jailbreaks ( 2G, 3G, 3GS ) Click Here !   apple iphone canada eaton center workshop started cellphone mobile rogers fido phone November again rumor leak website Delays for Nomade and Radioactif and their network Wimax Wifi The future Wi-Fi network in joint venture Radioactif and Nomade Telecom would severely delayed and will not be available as planned for September. In an interview given by the president of the Nomade Telecom to the Quebec website Branchez-Vous, \"Luc Picard said routers which are scheduled to arrive from Europe by one or two weeks and will take at least three weeks to be installed. Problems for installation are also reported because it is not easy to find a good roof to install the wireless equipment. According to Branchez-Vous, the first step will be limited to the main streets of the Plateau Mont-Royal (St-Denis Street). Radioactif and Nomade Telecom will focus on the rest in the city of Montreal in installing antennas on lampposts of the Montreal city. According to Luc Picard, the city of Montreal would be open to the project, but negotiations are still quite long. To recall, this network will use Wimax technology to connect WiFi routers between them and distribute them to the internet anywhere on the island of Montreal (when router are install). They make use of Wimax technology helps eliminate the cables between Wifi routers. wimax wifi canada montreal quebec radioactive nomade telecom probleme retard times mobile wireless europe Bell will provide the Shine LG 8700 to its customers Bell has not yet formally announced as Rogers had done a few days ago, would offer the LG Shine. You can see the name of Bell, on the site of LG Flash, which is placed just below Telus. Several other clues have filtered especially on press photos. Telus offers for a few weeks already LG Shine to its customers and appears to be selling well. No date is yet known for the release of Shine at Bell, but the exit of LG Slider Shine TU720 Rogers is scheduled for mid-November.  bell shine lg rogers telus slider 8700 tu720 canada cellphone flash out date press lge cellular steel customers Rogers launches HSDPA in Canada Today, Rogers is officially launching its new 3G network in Canada. Rogers will offer its Vision service, video telephony, in 22 cities in Canada. This means that Rogers will cover with its network of the third generation 60% of Canada. \"This major expansion solidifies Rogers\' position as Canada\'s fastest and most advanced wireless network,\" said John Boynton, Senior Vice President and Chief Marketing Officer, Rogers Wireless. \"Rogers Vision is a quantum leap forward in wireless communications and has revolutionized the way customers access information and entertainment on-the-go both at home and abroad.\" No reduction in mobile data packages are scheduled from Rogers, but the fact that the third generation could come to be available from Rogers is a major point for Canada. Finally, remember that the service of Video Vision is available only in Canada at the moment, because no American operator, according to Rogers, offers this service at this time. The cities that will now be covered by HSDPA Rogers are: Greater Vancouver, Kelowna, Victoria, Whistler, Calgary, Edmonton, Fort McMurray, Winnipeg, Saskatoon, Regina, Ottawa/Gatineau, Kingston, Sudbury, Barrie, London, Kitchener/Waterloo, Guelph, Windsor, Greater Montreal, Quebec City, Chicoutimi and Trois-Rivières. Rogers Vision is already available in the Greater Toronto Area, Hamilton/St. Catharines, Burlington/Oakville.  rogers hsdpa 3g canada vision visio camera cellphone mobile usa cellulaire fido sansfil wireless generation video |
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