BCE plans radical retooling under new CEO

When George Cope takes over Friday as CEO of Bell Canada parent BCE, expect to see a lot of changes. "BCE has a number of key decisions it needs to make, including a decision on wireless technology, the build of IPTV (Internet television), the loss of a material number of residential wireline customers to cable, and potential asset sales," says Desjardins Securities analyst Joseph MacKay.

The $52 billion dollar leveraged buyout of BCE--the largest corporate buyout in Canadian history--is expected to close in December. Among BCE's possible moves under its new leadership: Selling its 50 percent ownership in Virgin Mobile, its 43 percent stake in rural wireline company Bell Aliant and its satellite TV operation, Bell ExpressVu. Experts say the restructuring is expected to be extensive.

For more:
- See this Canadian Press story

Related articles:
BCE deal to close in December BCE report
BCE's buyers recently saw a major legal hurdle lifted by the Canadian Supreme Court BCE legal report
BCE president Cope was named late last year to succeed Sabia BCE CEO report

Suggested Articles

Amazon has filed a motion that seeks to pause Microsoft's work on the Pentagon's $10 billion cloud contract until a court rules on its protest.

Vodafone Group and Sunrise announced a partnership that allows Sunrise's enterprise customers to tap into Vodafone's business services.

Verizon and Google have teamed up for a symbiotic relationship that puts Google's Stadia gaming system into the hands of new Fios subscribers.