NL Update

Stream was put into receivership by GE CapitalGeneral Electric Capital Canada Inc. was the investor that drove Stream Intelligent Networks Corp. into receivership. The financial giant was owed $13 million by the fibre provider, according to documents filed with the Ontario Superior Court of Justice. Stream’s executive officers have resigned and the company is being run by receiver PricewaterhouseCoopers Inc. To read Network Letter’s earlier story on Stream’s demise, click here. Little interest in Norigen Telecom assetsThere have been few takers for the fibre assets of failed CLEC Norigen Communications. Most of the non-telecom assets have been dispersed. Greg Prince of receiver PricewaterhouseCoopers tells Network Letter: "We did great on tables and chairs and computers, but we didn’t do very well in the telecom side." Nortel senior management now Rothless businessmenNortel Networks Corp. has disbanded the Office of Chief Executive, a tripartite body set up to help the transition from John Roth’s presidency to Frank Dunn’s. Roth will not stand for re-election to the Nortel board, while Red Wilson will resume his role as non-executive chair of the board. More details. Onsite Access sold to Terago NetworksTeraGo Networks Inc. of Calgary has bought Onsite Access Canada Inc. from Oxford Properties Group. Onsite provides telecom service to 30 buildings in the Toronto area. More details: TeraGo Networks acquires Onsite Access Canada Inc. from Oxford Properties Group Telecom access to office towers attracts foreign companies to Canadian market New nickname needed for "The Keg"The Montreal Canadiens will be playing in a renamed facility as the Molson Centre, nicknamed the Keg, is about to be rebranded the Bell Centre. BCE is paying $5 million a year for 20 years to rechristen the arena, starting next September. No word on the new nickname, but we’re partial to The Booth. By the way, as part of the deal, Bell will become the exclusive provider of all telecommunications products and services to the Molson Centre and the hockey club, while also becoming the preferred supplier of telecom services to Molson. More details. REGULATORY ROUNDUP Aliant allowed to shift to internet tariff listingsThe CRTC has granted eastern ILEC Aliant Telecom Inc. permission to post its tariffs on its web site. The telco had asked to abandon paper copies of the tariffs, but the commission refused the request. More details. Northwestel ex parte application deniedThe commission has rejected an ex parte application from the northern telco on LD discounts. The company has been told to resubmit the proposal for public scrutiny. More details. Northern reduces late payment chargeNorthern Telephone Ltd. has been granted permission to reduce its late payment charge from 1.25% to 1%. More details. FCC fines SBC over collocation spaceIn Washington, the Federal Communications Commission has fined SBC Communications Inc. US$84,000 for 24 violations of the American rules on collocation. SBC holds a minority interest in BCE Inc.’s Bell Canada unit. More details.

NL Update

News | 03/04/2002 5:00 am EST

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