The Autorité des marchés financiers (AMF), Quebec’s financial market regulator, said Thursday that it has uncovered an illegal insider-trading scheme involving a former BCE Inc. employee that allowed this individual, along with some family and friends, to realize profits of more than $1 million since 2012. The AMF said in the press release that Renée Morier, a former executive assistant to a senior officer at Bell, is the central figure in this case. It said Morier had communicated internal information related to the acquisitions of Glentel, Bell Aliant and Astral...
The Competition Bureau has approved the purchase of Glentel Inc. by BCE Inc., and will not attempt to prevent a deal that sees Rogers Communications Inc. taking a 50 per cent stake in Glentel from Bell, both Glentel and the Competition Bureau said in separate announcements Tuesday. Bell announced plans to purchase Glentel in November last year. Roger initially went to court to prevent the deal, but ultimately reached an agreement to share the retail company with Bell. Glentel operates sales outlets under brands such as Wireless Wave and Tbooth Wireless, among others. The Competition Bureau...
Glentel Inc., a retailer of mobile products and services, said Thursday that its fourth-quarter revenue was up 32.8 per cent from a year earlier to $533.1 million, though its quarterly profit declined to $830,000 from $8.3...
BCE Inc.’s net earnings the fourth quarter grew slightly compared to a year earlier, though its wireless revenue gained by a wider margin largely on increased data usage. Bell's reported in a press release that revenue...
Wireless product retailer Glentel Inc. said Monday that its shareholders have approved a deal to be bought out by BCE Inc. Glentel said in a press release that shareholders voted 99.9 per cent in favour of being acquired by Bell...
A deal announced Christmas Eve to split the ownership of wireless retailer Glentel Inc. between BCE Inc. and Rogers Communications Inc. will help the incumbent carriers stave off competition from a...
Rogers Communications Inc. has filed an application before the Ontario Superior Court of Justice to block the purchase of mobile products retailer Glentel Inc. by BCE Inc. Rogers filed the application Wednesday on the grounds that its approval is required for changes of control in Glentel. Rogers' filing to the court quoted parts what it said is its retailer agreement with Glentel, such as that Rogers' written consent is required for any "Assignment" of Glentel. The word "Assignment" is defined as the sale, transfer or change of control in Glentel, Rogers'...
BCE Inc. said Friday it has reached a deal to buy mobile products retail chain Glentel Inc. for $670 million. The companies said in a press release that the price would be paid in cash and stock, and also includes the assumption...
Glentel Inc., a Burnaby, B.C.-based provider of wireless technology, said Thursday it has secured several large contracts, ranging in value from $2 million to $7.5 million, to be completed this year. In a release Thursday, it...