NL U[pdate

SaskTel buys RSL COM CanadaProvincial telco SaskTel has paid $17 million to acquire RSL COM Canada, which operates in British Columbia, Alberta, Ontario and Quebec. The current RSL staff will stay in place, president/CEO David Alsop reports. He expects a fair degree of autonomy from his new bosses in Regina. "They will be active at the board level, they will provide support at the management level if we need it," he tells Network Letter, "but they’re going to run it as an investment. We’re not going to be a division or a department." More details. Pathway buys internet assets from AxxentPathway Communications Inc has bought back the Internet assets of failed CLEC Axxent Inc. It sold the Internet business to Axxent (formerly Optel Communications) two years ago. More details. Nortel gets more financingJ.P. Morgan Chase & Co, Credit Suisse First Boston and Citibank are among the banks joining a previously announced credit facility for Nortel Networks Corp. The battered telecom manufacturer has a US$2 billion pool on which to draw. More details. Primus receives US $37 million in two dealsPrimus Canada will sell some of its account receivables to Textron Financial Canada Ltd for up to US$20 million. In another agreement, the firm has received US$17 million in vendor financing for network capacity purchases. More details. Look buys some more timeTroubled wireless broadband carrier Look Communications Inc has secured a one-week extension of credit and a temporary waiver of default. BCE Inc, which owns rival satellite TV operator Bell ExpressVu, is one of two principal shareholders in Look. More details. Amtelecom receives offer for assetsAmtelecom Group Inc has had an offer for its telephony and cable divisions. The board is weighing the prospects of selling Amtelecom Inc, the telco, and AGI Cablevision Inc. More details. CSII closes $75 in financingCable Satisfaction International Inc has closed its public offering, raising $37.5 million. It raised a similar amount through a private placement with Capital Communications CDPQ Inc. More details. NSI reports better numbers for Q2Montreal-based satellite carrier NSI Communications Inc reported a 61 per cent increase in revenues from Q1 to Q2. The company credited much of the good fortune to the purchase of Vistar Telecommunications Inc from BCE Media. More details. CRTC okays PIC/CARE handbook for two telcosThe commission has granted approval to Gateway Telephone Ltd and Futureway Communications Inc for their Primary Interexchange Carrier/Customer Account Record Exchange Access Customer handbooks. The CRTC notes that some sections of the handbooks are incomplete or need correcting. More details: Decision CRTC 2001-452 Decision CRTC 2001-452 Total Telecom in court fight with contractorEdmonton fibre builder Total Telcom Inc is being sued by Andy Gravel Trenching Ltd for $757,914 for non-payment. The company is counter-suing for $2.5 million for non-performance and poor performance. More details. Telus sells advertising division to VerizonVerizon Information Services, a subsidiary of U.S. telco Verizon Communications Inc, has bought the directory information services division of Telus Corp. The deal includes all Telus Canadian directory assets, a 30-year publishing agreement and rights to space on the western telco’s Internet portals. More details. What will the well-dressed lineman be wearing this season?Bell Canada and Xybernaut Corp have completed trials of wearable computers for Bell technicians. The computer is worn as a vest or belt and replaces existing laptops. Not a bad idea, considering how many people have lost their shirts in the telecom field lately. More details.

NL U[pdate

News | August 7, 2001

Unlock all the Canadian telecom, broadcasting and digital media news you need.

FREE TRIAL

SUBSCRIBE

Inside The Wire Report

Information

Hill Times Publishing

Get in Touch With Us