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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 Sony Ericsson XPERIA X1 coming soon to Rogers Wireless We have received this information few weeks ago but we don’t trust completely this source. But now we have received other information directly from Sony Ericsson about this new device for Rogers. The Sony Ericsson XPERIA X1 is a very nice device with an original design and run under Windows Mobile. Rogers want offer some new Smartphone and other Sony Ericsson cellphone but no exactly date or price for the moment.  rogers sony ericsson x1 xperia canada fido bell Telus mobile mobility mobilite review price date release windows mobile frimeware Bell LG vantage available May 16th Bell will launch the new LG Vantage, the respons to LG Shine of Rogers, because he has a very similar design. It’s a touch screen device with a 2 mega pixels camera. The LG Vantage of Bell has a Bluetooth connection 1.2 and support external memory up to 4gig. We have price but its not official price but I think its good source. The LG Vantage of Bell will be sale with a 3 year agreement for 225$, with 2 years 275$ and for 1 years 375$. The price is 425$ if you don’t want contract or with prepaid option.   bell vantage canada lg mobile cellphone touch screen bluetooth memory rogers shine memory usb Sony Ericsson Canada will offer Z780a Sony Ericsson Canada has put the Z780a on their Canadian web site with little stars for Coming Soon. No date, no information about operator but many source say its Rogers will offer this device but no confirmation at this moment. It’s a very nice cell phone with a HSDPA connection, Bluetooth connection and are compatible with Active Sync for easy synchronisation with Microsoft Exchange. It’s seen to be in to color, Amethyst Silver or Grand Onyx. The Sony Ericsson Z780a has a 2.0 mega pixels camera.  sony ericsson canada z780a rogers active sync exchange cellphone mobile cell phone bluetooth wifi card fido Dell Canada launch UBUNTU on Inspiron laptop Dell Canada have just announced few minutes ago the launch of 4 new cpmputer pre-instaled with UBUNTU 7.10. It’s the first time in Canada a computer maker offer linux pre-installed on computer. In this 4 computer 3 are laptop like as XPS M1330, Inspiron 1420n and 525n. This offer by Dell are too launched in Latin America in same time of Canada. “It’s fantastic to be able to offer what many Linux enthusiasts want, great Dell products with popular open-source software for work and play,” said Bill Tyrrell, senior manager, Marketing, Dell Canada. www.dell.ca/open  dell ubuntu canada laptop inspiron computer linux free mobile open source unix m1330 1420n The iPhone in Canada with Rogers in 2008 in a Moslon contest We have know informationa bout a contest, organized by the Canadian beer company Molson and Moslon Dry, offered a iPhone for prize. A website of Moslon ( www.deviseetcompte.com Twist and Score) mentions that the iPhone, which is offered in the contest will be available only in January 2008 from Rogers. We have contacted the customer service representative and she said, yes it\'s a iPhone from Rogers. The iPhone won at Molson can be won now, but not work before the announcement officially by Rogers and also offers its clients in January 2008, according to the representative of customer service. The site is only available in French, however, provides the rules of contest in English in which we also found a mention of Apple iPhone. It seems that the iPhone will be available at a price of $ 800, and as the iPhone is not sold without a contract it can be assumed that the iPhone will be very expensive here in Canada. This contest end on January 4, 2008. UPDATE October 24 13h37 We have contact media represent of Rogers and Rogers Wireless "Have no comment" and they recommand to contact Molson for more information. No answer from Molson at this time... Apple iPhone Unlocks & Jailbreaks ( 2G, 3G, 3GS ) Click Here !  See in the rules du of contest  See on the website  iphone rogers canada apple moslon dry export contest concours devise gagne January janvier 2008 cellphone wireless mobile Rogers and LG announce Shine Slider in Canada Rogers and LG announced that Shine, which was already available in Canada through Telus in its flip, is now available from Rogers, but slider. Remember that this device, which is also very class, supports video on the third generation of Rogers. The LG Shine Slider (TU-720) also has a digital camera 2 mega pixels and a Bluetooth Stereo. The screen, in sizes 2.2 inches and a resolution of 240x320 pixels, is also quite interesting. It is available for sale at least November in Rogers Shops. No price has yet been announced, but according to our sources it will cost approximately $ 250 with a 3 year contract with Rogers. Specification   rogers shine slider lg telus bell birks canada cellphone luxe tu-720 novembre date bluetooth camera visio phone cell mobile A support of office for the Pearl Blackberry Here Berry BUDDY of innov8. It is really a very interesting accessory which misses often with the Blackberry. A support of office makes it possible to charge your Pearl Blackberry and to hold it well in place. The support is very beautiful and has much class since it reproduces the design of the Pearl Blackberry. It is not yet on sale, but only in for approximately 55 $ at MobilePlanet.com  innov8 berry buddy desktop cradle stand base canada mobile planet blackberry pearl telus bell rogers fido pearl 2 in canada Rogers will announce BlackJack of Samsung and Motorola Q9 According to our sources Rogers should launch these 2 devices from here the summer. After having launched the HTC 621 (which we will test soon in the section Review) Rogers will not be left not preceded by Telus and Bell in the field of the PDA. Rogers and Samsung do not want to confirm or cancel the information which we had of sour source. Telus which should also reveal a new PDA, the HTC 720 which will be in direct competition with the new devices of Rogers under Windows Mobile.    rogers blackjack moto q9 samsung motorola canada bell telus htc 720 windows mobile review mobile in canada A successor with the LE1600 at Computing Motion On the site of the FCC, source of much information in the world of technologies, a reader of the GottaBeMobile.com site found information concerning new Tablet de Motion Computing, which should be called LE1700. One speaks about rather powerful Tablet in term of communication. A cellular antenna would be integrated in the device and WriteTouch technology would be also with the menu, which would make it possible to have in the same screen, a touch screen and electromagnetic. The design remains identical, which is very interesting since the LE1600 is probably one of Tablet ideal. We will have soon Review on the current LE1600 of Computing Motion which we currently test. motion computing motion computing canada tablet le1600 le1700 tablet pc writetouch mobile review in canada |
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