The Ontario Municipal Employees Retirement System (OMERS) has signed an agreement to invest $50 million in BMV Holdings, a new discount cell phone carrier planning to enter the Canadian wireless market in the third quarter of this year.
BMV, which purchased $52 million worth of airwaves licenses in Canada’s most recent wireless spectrum auction, hopes […]
Atlantic Canada’s leading telecom carrier, Bell Aliant, has announced plans to cut costs and streamline operations by eliminating some 15% of its management workforce, or approximately 500 jobs.
“The leaner management structure will bring all employees closer to customers, allow for faster decision making and reduce costs,” commented Bell Aliant president and CEO, Karen Sheriff.
National Bank […]
Security software firm, Certicom, has agreed to be acquired by Research In Motion for C$3 per share, twice as much as the BlackBerry maker offered in a hostile takeover bid last December.
Having been thwarted in its first attempt, RIM raised its bid to $3/share to definitively trump a $2.10/share offer from VeriSign.
“The Board of Directors […]