‘Political risk’ plagues BCE alternatives: investor
Briefs | 06/25/2007 9:15 pm EDT
Other proposals to acquire BCE Inc. "are fraught with considerable political risk," according to Brent Fullard, who is spearheading an alternative financial structure for the telecom operations firm. In a conference call this afternoon, the managing director of Catalyst Asset Management Inc. in Toronto said one competing proposal – merging BCE with rival Telus Corp. – would irk consumers worried about decreased competition for their communication-technology spending. Other proposals, those led by pension funds working alongside US private equity firms, could upset "nationalists" worried about foreign investment, he said. The pension-fund proposals might also impact the federal government, which would see taxable income flowing to investors outside of Canada and beyond the revenue department's reach.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
Two weeks free access to thewirereport.ca and our exlusive newsletters.
Unlimited access to thewirereport.ca and our exlusive newsletters.