Tags : vision
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.

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Rogers now offer the LG Secret TU750

Rogers now offer a new cellphone, the LG Secret TU750. This device has a 5 mega pixels camera, a very nice brilliant 2.4 display and can take memory card up to 16GB microSD. The Rogers LG Secret TU750 is also compatible with Rogers Vision for video calling and has obviously a Bluetooth connection. Very better of the LG Shine TU720, the Rogers LG Secret is sale for 149.99$ with a 3years agreement.


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Ted Rogers Is Dead

The president of Rogers is death today; we will copy the Press Release of Rogers.

Transmitted by CNW Group on : December 2, 2008 06:14
Rogers Communications mourns passing of Founder and CEO Ted Rogers

Visionary business icon, philanthropist, family man and proud Canadian
TORONTO, Dec. 2 /CNW/ - It is with great sadness that the Board of Directors of Rogers Communications Inc. announces the death of our colleague, leader and friend, Edward Samuel \"Ted\" Rogers, the founder of the company, a visionary communications industry pioneer and an icon in Canadian business. He was 75. Mr. Rogers, known for his indefatigable drive, built Rogers Communications into a Canadian and North American leader in wireless telecommunications, cable television, broadcasting, publishing and more. Mr. Rogers\' name is synonymous with innovative, high-quality communications products across Canada, products that improved and simplified the everyday lives of Canadians. \"We wish to express our deepest sympathy to Loretta and all of the Rogers family for this loss,\" said Alan Horn, Chairman of Rogers Communications and acting CEO. \"Ted Rogers was one of a kind who built this company from one FM radio station into Canada\'s largest wireless, cable and media company. A leader also in giving to the community through his and Loretta\'s many philanthropic initiatives. He will be sadly missed.\" Phil Lind, Rogers Vice-Chairman, worked alongside Mr. Rogers for almost 40 years. \"Our sincerest condolences to Loretta, the children and the grandchildren. He will be missed by so many. Though Ted was relentless in business and building this company over the years, he was also very much a family man. His impact on family, community and country was as impressive as his business success,\" Mr. Lind said. Mr. Rogers, who suffered from congestive heart failure, saw his health weaken over the past few years. He was surrounded by loved ones when he died at his home in Toronto. Mr. Rogers\' successor as Chief Executive Officer will be addressed by the Rogers Communications Inc. Board of Directors which intends to form a special committee to lead a search considering internal and external candidates. In the meantime, Alan Horn, Chairman of Rogers Communications Inc., will continue to serve as acting Chief Executive Officer and lead the company\'s office of the president. Funeral arrangements will be announced by the family.

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Rogers launch the LG Shine TU720 in black

Rogers have added to her web site the LG Shine TU720 in black. This device already offers in grey and in pink are now available for the same price in black Color. The LG Shine TU720 has a 2.0 mega pixel camera and is compatible with Vision plan.


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Samsung A746 now available at Rogers

A new Samsung device are now available at Rogers it’s the Samsung A746.It’s a clamshell device. The Samsung A746 has a 2.0 mega pixels rotating camera for make video calling. It’s also compatible with Rogers Music Store. The Samsung A746 has a Bluetooth Stereo connection for use with Bluetooth headset for listen music. He is a quad band phone and also supports HSPA. The price with a 3 years agreement for 79.99$ (after 100$ invoce credit with select Vision Plan) or 179.99$ without contract.


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Solo now offer the LG Rumor

Solo (une division de Bell Mobilité) offert maintenant le nouvel appareil de LG, le LG Rumor. Cet appareil était déjà offert par Bell et était une exclusivité de Bell jusqu\'à ce que Solo l’offre aussi. Cet appareil est très intéressant pour envoyer beaucoup de messages texte ou pour écrire des courriels. Le LG Rumor de Solo Mobile est vendu 99 $ avec un contrat de 3 ans ou pour 299 $ avec l’option prépayé.


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Rogers announced 3G for Halifax and Moncton

Rogers have announced yesterday the 3G for 2 Atlantic cities, Halifax and Moncton. With this 2 new city, Rogers are the faster and most advanced network coast to coast, according to Rogers. With 3G in Halifax and Moncton, the Vision service is now available in this region.

\"This major expansion reinforces Rogers as Canada\'s fastest and most advanced wireless network from the Atlantic coast to the Pacific coast,\" said Rob Bruce, President, Rogers Wireless. \"It also confirms Rogers as the first in the Western Hemisphere and one of the leading carriers in the world to take their customers to the next level with the blazingly fast speeds of cutting-edge 3.5 G technology.\"

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Rogers launch the LG VU in Canada

Rogers have announced too this morning the launch of the Lg VU in Canada early in May 2008. The LG Vu is a touch screen device with a nice big screen for use a full HTML browsing. This device include too a 2 mega pixels camera and support HSPA network of Rogers. This device work too with Vision Plan like Video on request, Radio on request, Mobile Tv and Rogers Music Store.

\"As the leading wireless carrier in the country, Rogers Wireless prides itself on offering our customers the latest innovations and best selection of handsets,\" said John Boynton, SVP and Chief Marketing Officer, Rogers Wireless. \"The perfect mix of design and technology powered by our 3G high-speed network, makes the LG VU a truly formidable device for gadget enthusiasts and style lovers alike.\"


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YAK want to be the next national wireless carrier

Globalive Communication Corporation (division of YAK communication) have submitted today (the last day for submit application for Canadian wireless auction. YAK already offer telecommunication service to Canadian but not with own spectrum. The auction begging the 27 may 2008 and no date are no available for auction closing.

\"Canada is one of the least competitive wireless markets in the world,\" said Lacavera. \"Cell phone rates are too high and penetration is too low. Many Canadians do not realize that they\'re paying from 60 per cent to almost 80 per cent more than Americans for their wireless service.\" Lacavera attributes high wireless pricing and low market penetration in Canada to a lack of competitive alternatives. Currently, only three operators - Telus, Rogers and Bell - own a portion of the wireless spectrum. \"It\'s time for an entrant in the wireless market that will provide Canadians with a new cost-effective, feature-rich offering,\" said Lacavera. \"Yak is uniquely positioned to be that offering.\"


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The Samsung SGH-a736 soon at Rogers

We have found picture of the new Samsung SGH-a736 of Rogers on the Samsung Canadian website. It’s exactly the same device already in sale at Fido but in gray. It’s not a spectacular device but with many interesting function. It’s a 3G device and with a camera ready for Vision Rogers plan (video calls), Bluetooth connection and other normal features. No price or exactly release date but we think this device come to Rogers in next few days.


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