Technology Industry
Industry: Email Alert RSS FeedCanadian carriers maneuver to bid for Microcell.(Global Wireless)
RCR Wireless News, September, 2004
Byline: DAN MEYER
The quest for Canada's smallest nationwide operator Microcell Telecommunications Inc. heated up last week as No. 2 Rogers Communications Inc. made a filing with Canadian regulators clearing the way for the company to make a bid for Microcell's assets, which have already garnered a $780 million unsolicited offer from No. 3 Telus Corp.
Rogers' filing followed an announcement that it would buy back AT&T Wireless Services Inc.'s 34-percent stake in Rogers Wireless Communications Inc. for more than $1.3 billion and in return not need AWS' consent to "offer to purchase or acquire shares or assets of Microcell.''
"This provision is to enhance the flexibility of RCI and Rogers Wireless as it pertains to their ongoing review...
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