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NL Short Takes

News | 05/10/2005 4:00 am EDT

Call-Net to buy local, IXC assets in NB, NS
As part of its acquisition of the 360networks Corp. customer base in Eastern Canada from Bell Canada, Call-Net Enterprises Inc. has announced it will purchase various local and IXC assets in New Brunswick and Nova Scotia (NL, Nov. 25/04). The deal foresees Call-Net buying virtually all of the former Group Telecom (GT) assets in those provinces including long-haul and access fibre, as well as switching and networking equipment. Call-Net will take ownership of the assets sometime in the third quarter of 2005, at a price of $12.6 million to be paid on closing. Call-Net’s services and maintenance contract with Bell will be amended to reflect the change in ownership.

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