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

Suggested Articles

On Friday, CenturyLink announced it recently finished up a fiber project that connected 14,000 additional homes, in Boulder, Colo. to gigabit speeds.

SD-WAN could emerge as a prime technology that better enables work-from-home (WFH) and work-from-anywhere (WFA) scenarios for enterprises.

Windstream Enterprise has launched a live, web-based chat feature for its OfficeSuite UC Contact Center Services portfolio.