Bell Canada

NEW YORK—A trio of wireless carriers tapped the deep well of the debt markets last week, collectively raising nearly $2 billion. Korea Telecom was first out of the starting gate, …

TORONTO—BCE is propping up its mobile-phone subsidiary Bell Canada International by putting in up to C$500 million (US$317 million) to meet financial obligations of C$1.3 billion (US$824 million) due in …

MEXICO CITY—Am

MEXICO CITY—America Movil, the mobile subsidiary of Mexico’s TelMex, announced several transactions that will give it control of several Latin American companies currently held by Telecom Americas and centralize Telecom …

DENVER, United States—Venezuela’s leading operator, Telecommunicaciones Movilnet, signed a US$150 million contract that will allow Lucent Technologies to build a nationwide third-generation (3G) cdma2000 wireless network to complement its existing …

TORONTO—In the high-speed Internet pricing war with Rogers Cable, Bell Canada is the first to blink. Bell is raising prices for the first time since it launched its top-end Web …

MADRID, Spain-Telefonica’s mobile subsidiary, Telef

MONTREAL-Telesystem International Wireless Inc. has closed the sale of its interests in Brazilian cellular operations Americel S.A. and Telet S.A. to an affiliate of Bell Canada International Inc. and Telecom …

SAO PAULO, Brazil-Brasil Telecom is looking to acquire part of Vesper, its rival that uses wireless local loop technology to offer basic telephone service, according to international press reports. The …

STOCKHOLM, Sweden-Telia AB said it will sell its financial interests in Brazilian mobile operator Tess to Telecom Americas for $950 million. Telia has a 62-percent stake in Tess, which has …

TORONTO-To the relief of the wireless industry, the Canadian government raised the four-year-old spectrum cap that limits the amount of radio spectrum each PCS provider may operate. Wireless carriers in …

NEW YORK-Telecommunications carriers worldwide are under significant pressure due to the bandwidth explosion, rising capital expenditures, competition from new players and delays in commercial rollout of new technologies. “I take …

MONTREAL-Continuing its efforts to divest its Asian telecommunication properties, Canadian communications company Bell Canada International Inc. signed a definitive share purchase agreement with Taiwan Cement Corp. to sell its 20-percent …

TORONTO-The consolidation trend in the North American wireless sector is intensifying. The prevailing wisdom is that it is no longer good enough to be merely a regional or national carrier …

BANGALORE, India-Although the Indian cellular industry is growing quite well, with the country’s cumulative cellular subscriber base at 2.18 million at the end of June, operators are still hesitant to …

New Zealand Nokia Corp. will integrate its General Packet Radio Service core network solution into Vodafone New Zealand’s network, providing mobile Internet access to Vodafone’s subscribers. Vodafone plans to launch …

MEXICO CITY-Telefonos de Mexico and Bell Canada International announced they will form a new company with an initial capitalization of US$3.5 billion to target the South American market. Telmex and …

SEOUL, South Korea-Korea Telecom has agreed to purchase a 48-percent stake in Korean wireless operator Hansol M.com for $2.6 billion. Bell Canada International Inc., American International Group Inc. and South …

MEXICO CITY-Telefonos de Mexico and Bell Canada International announced they will form a new company with an initial capitalization of $3.5 billion to target the South American market. Telmex and …

South Korean mobile phone carrier Hansol M.com said talks to sell a controlling stake in the company to either Korea Telecom or the LG Group had broken down. The problems …

SAO PAULO, Brazil-In early January, by starting operations as a “mirror” company of fixed-line carriers Telefonica and Telemar, Vesper faced a challenge in the Brazilian market. The company planned to …

BOGOTA, Colombia-The Colombian telecommunications sector has experienced growth over the last year despite the 1998-1999 economic recession. Although expectations that the sector would boom in 1999 were overshadowed by economic …

TORONTO-Canada’s telecommunications industry was shaken up with the announcement that Bell Canada Enterprises Inc. plans to distribute its 37-percent interest in Nortel Networks to its nearly 500,000 shareholders. BCE at …

TORONTO-Industry Canada conducted its first spectrum sale in November, raising CAN$172.5 million (US$116.7 million) in online bidding for licenses in the 24 GHz and 38 GHz bands. In the process, …

The Canadian wireless market has seen a run-up in stock prices this year as tremendous growth and recent consolidation activity have driven increased interest in the sector. “1998 was not …