BCE buys out The Source

Bell Canada Enterprises, about three months removed from a cancelled sale to private investors, is acquiring 750 The Source retail electronics stores in Canada from Circuit City, the failing U.S. retailer. A purchase price was not announced, but RBS Securities analyst Jonathan Allen apparently speculated for The Toronto Globe and Mail that the stores are going for between $50 million and $100 million.

It's an interesting move that is being observed as a quicker and less expensive way for Bell Canada to expand its retail presence than building and opening its own stores. Is it a game-changing move for BCE? Internet and wireless devices and service already are offered through the stores, but it will be interesting to see if BCE begins to emphasize the stores as outlets for enterprise and residential technical support services as well.

For more:
- The Globe and Mail Streetwise Blog has this post

Related articles
BCE chief George Cope is seen as a game-changer
The acquisition of BCE fell apart in December

Suggested Articles

Vodafone Business announced this week that it has launched a new resource hub to help businesses bounce back from the impact of the COVID-19 pandemic.

CenturyLink's Shaun Andrews has a contrarian view in regards to how much the pandemic fueled digital transformations.

Data center provider Stream Data Centers is leaning on Cox Business' fiber network for its new data center campus in Goodyear, Arizona.