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Bell Mobility announced they have bought completely Virgin Mobile Canada for $142-millions. Bell has also bought a long-term licensing agreement with the Virgin Group for continued use of the Virgin Mobile brand in Canada.

"Bell Mobility's acquisition of Virgin Mobile Canada supports our strategic imperative to Accelerate Wireless, a core component in Bell's overall strategy to achieve our goal: To be recognized by customers as Canada's leading communications company," said George Cope, President and CEO of Bell and BCE. "This initiative will allow Bell Mobility to be uniquely flexible in the competitive wireless marketplace, maximizing network, handset, distribution and global roaming efficiencies, and enhancing the growth of the No. 1 youth brand in Canadian wireless."


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<< 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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Industry Canada, Jim Printice, approved the BCE take by Teachers, Providence, Madison Dearborn and Merril Lynch, under certain condition. This is the last step for BCE sales. BCE think the transaction will finished before the end of the second trimester.


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Aliant a division of BCE in the Atlantic, now proposes a service of geo localization per cellular turn to its customers. ?We are charmed of launching this technology to Atlantic Canada, declared Paul Pothier, divisional chief - Sales wireless telegraphy. To seek and find, LocalisAction (MC), road Assistance and #TAXI constitute four other examples in the way in which we propose to the customers of Aliant an exclusive access to solutions which offers the convenience to them and a safety increased on the most powerful network wireless telegraphy of our area. ? The service was already available in the remainder of Canada, but it is now also available in the Atlantic.


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Telus has just published this court communicated to announce that it BCE. Several people who say very well to know the Canadian market of telecommunications. They had for the majority marked that Telus was the best and best placed to buy BCE.

TELUS today announced that it has elected not to submit an offer to acquire BCE as part of the strategic review process announced by BCE on April 17, 2007. The inadequacies of BCE's bid process did not make it possible for TELUS to submit an offer.

Teacher which is also on the rows to acquire also already criticized the process of sale. It remains those 4 companies on the rows to buy BCE. One speaks about KKR, Teachers, Cerberus, Catalyst Management. Let us recall that the offer of repurchase of BCE finishes today.


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Bell Canada (BCE) has just published one to communicate of press which announces that Telus Corporation began from the discussions to discuss a future fusion the 2 giant?s telecommunications in Canada. ECBS and Telus signed a mutual agreement of not-disclosure of the offers suggested. A fusion of the 2 groups would be nevertheless surprising since Telus had already announced that a fusion would be not very probable since Telus should probably demolish its cellular division, which was not possible a few months ago. It should however be said that a fusion would be also possible since Bell cannot pass to more than 50% in the hands of a foreign company and Telus was founded in Quebec. This possibility would probably not be good news for the customers of the two companies since there would remain only 2 large companies of communication in Canada, Rogers (which already bought Fido) and Telus.


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USBCELL, which is a battery which is reloaded in a slit USB, takes colors. Since it is reloaded in a slit USB, one can include the interest to make them pretty. Produced by Moxia Energy they is batteries will be soon to test in our section Review .


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