Home Page News Briefs People Media Telecom Archives About Us
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers Classifieds

ROW Short Takes

News | 09/22/2004 4:00 am EDT

Rogers Wireless to acquire Microcell Telecommunications
Rogers Wireless Inc. and Microcell Telecommunications Inc. announced an agreement on September 20 that will see Rogers Wireless acquire Microcell in an all-cash deal worth $1.4 billion (see editorial on page 8 for Report on Wireless’ commentary on the deal). Rogers Wireless all but signaled its intent to make a bid for Microcell when it filed papers with the Competition Bureau seeking an advanced ruling on whether its acquisition of Microcell would cause any anti-competitive harm. But a bid for Microcell was really cleared when Rogers Communications repatriated the 34% interest previously held by AT&T Wireless. The bid trumps an earlier TELUS Corp. $1.1-billion deal, which was first launched in May and has since been extended a number of times. The company extended the offer of $29 per share on September 20 until October 12.

To keep reading, get a free trial.

Already a Subscriber?

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com