Private Equity news from FierceTelecom
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Tandberg talking to potential buyer
Oslo, Norway, videoconferencing company Tandberg, not to be confused with the Tandberg TV group now owned by Ericsson, is in preliminary acquisition talks with a private equity firm. Tandberg Read more...
BCE deal partner aiming to raise more money
Madison Dearborn Partners, one of the private equity firms involved in the pending acquisition of Bell Canada Enterprises, is attempting to raise about $10 billion for its buyout fund, but had raised Read more...
Windjammer Communications picks up some Time Warner rural customers
Windjammer Communications—a combination of private-equity firm MAST Capital Management and Communications Construction Services—is now the proud owner of 80,000 former Time Warner Cable Read more...
BCE acquisition to close in December
The $52 billion Bell Canada Enterprises acquisition, which has faced many hurdles since being announced last summer, is now scheduled to close in December. That represents a postponement of several Read more...
Two BCE execs leave as deal progresses
Bell Canada Enterprises announced that two executives--Patrick Pichette, president of operations, and L. Scott Thomson, executive vice president of corporate development and planning, have elected to Read more...
Canadian court opens gate for BCE deal
Canada's Supreme Court has removed a key legal hurdle that had been in the way of the long-debated acquisition of Bell Canada parent firm BCE by the Ontario Teachers Pension Plan and three private Read more...
NSN to sell Open Network Transport group
Nokia Siemens Networks is selling its Open Network Transport operation to Belgian private equity firm GIMV for an undisclosed amount of money. The transaction is expected to close during the second Read more...
Bell Canada fights time, financing challenges to deal
Bell Canada filed a request with the Supreme Court of Canada this week to expedite the top court's hearing of Bell Canada appeal of a lower court ruling that blocked the $52 billion takeover of the Read more...
Bondholder suit ruling heaps burden on BCE deal
The private equity led buyout of BCE, owner of Bell Canada was dealt another blow as an appeals court in Quebec ruled the deal is unfair to BCE bondholders and should be blocked. In a case of Read more...
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 Read more...