NL Short Takes
News | 08/28/2000 4:00 am EDT
Telus buys Clearnet, gains national coverage
Vancouver-based Telus Corp has made a $6.6-billion bid to buy Clearnet Communications Inc of Scarborough ON. If accepted by Canadian regulators, the combined wireless operations of Telus Mobility and Clearnet would create the country’s largest wireless carrier. With the purchase, Telus gains a national wireless footprint, a cache of spectrum resources unrivaled in Canada and an experienced management team. The new entity, which will operate under the Telus Mobility name and be headed up by Clearnet’s president and CEO George Cope, will be headquartered in Calgary. According to reports, the deal was finalized less than six weeks after Darren Entwistle took over as president and CEO at Telus. For more details, read the Sept. 5 issue of Report on Wireless.
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