Bell Canada's Privatization Faces Scrutiny

The leveraged buyout deal under which BCE (Bell Canada) was to become a privately held company is facing greater financial scrutiny.KPMG has informed BCE that, based on current market conditions, its analysis to date and the amount of indebtednessinvolved in the LBO financing, it does not expect to be in a position to deliver on the scheduled effective date of BCE's privatization, December 11,2008, an opinion that BCE would meet the solvency tests...

Read More

Ericsson to Manage MBNL's Shared Network in the UK

Mobile Broadband Network Limited (MBNL), the 50:50 joint venture formed by 3UK and T-Mobile UK to manage the integration of both operators' 3G radio access networks (RAN), has awarded Ericsson a four-year managed services contract for the operation and maintenance of the consolidated network. Under the deal, Ericsson has responsibility for the operation and performance management of both parent companies' 3G networks and T-Mobile's 2G RAN infrastructure....

Read More

Clearwire Deal Clears -- $3.2 Billion Investment Completed

Clearwire and Sprint Nextel completed the financial transaction combining their next-generation wireless Internet businesses. The new company retains the name Clearwire and remains headquartered in Kirkland, Washington.Sprint contributed all of its 2.5 GHz spectrum and its WiMAX-related assets, including its XOHM business, to Clearwire. In addition, Clearwire has received a $3.2 billion cash investment from Comcast, Intel, Time Warner Cable, Google...

Read More