Credit crunch hangs up Bell Canada buyout

Bell Canada's hoped-for $51.8 billion buyout has been put on hold again while the banks in the deal look for better terms, wary of rising interest rates. 

The Royal Bank of Scotland, Citigroup and Deutsche Bank led a group of banks that in June agreed to finance the takeover of Canada's largest telecom by a consortium including the Ontario Teachers' Pension Plan, Madison Dearborn, Merrill Lynch Global Private Equity and Providence Equity.

But a discordant credit market has caused the banks to look askance at the deal.

For more:
- See the story at The Times
- And, check out the New York Times article

Related art ices:
- Bell Canada sale gets OK Bell Canada report 
- Bell Canada's Q4 was flat Bell report