Diversification Over, BCE of Canada Will Sell Satellite Unit
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BCE Inc. will sell its Telesat Canada satellite communications division to Loral Space and Communications and a Canadian pension fund.
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BT Group has sold its stake in the satellite operator Eutelsat as part of a growing focus on its core business. The sale marks BT&#39;s exit from the satellite business and ends a 25-year-old tie with the operator which it helped co-found in the late 1970s.
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The battle to take over Canada's biggest telephone company, BCE Inc. , may not be over yet, with other suitors saying they are considering their options, The Globe and Mail reported on Monday.
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MONTREAL (CP) - BCE Inc. is selling most of its minority stake in Manitoba Telecom Services for a total of $578 million, with MTS buying back more than half of the shares and the rest sold on the open market, BCE announced Wednesday.
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BCE Inc , Canada&#39;s largest  telecommunications group, has agreed to a C$51.7 billion ($48.5  billion) offer from a group including the investment arm of the  Ontario Teachers Pension Plan, Providence Equity Partners Inc.  and Madison Dearborn Partners, LLC, the company said on  Saturday.
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How the global satellite launch market is shaping up after a rocky few years.
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OTTAWA - The Canadian government will devote some of the proceeds from its sale of its 19 percent stake in oil company Petro-Canada (PCA.
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Intelsat, the world's largest satellite company, agreed yesterday to sell the majority of its shares to London-based BC Partners, one of Europe's largest private-equity firms, in a deal worth about $16.4 billion.
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Intelsat Ltd. has regained control of a communications satellite whose failure had threatened the planned $3.1 billion sale of the company.
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BT Group disposed yesterday of its last remaining stake in a satellite company when it sold its 15.8% holding in the Paris-based Eutelsat for Â£363m.
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The Anadarko Petroleum Corporation, an energy exploration and production company, said it had agreed to sell its Canadian unit for about $4.24 billion to Canadian Natural Resources, partly to pay off debt associated with its acquisition of the Kerr McGee Corporation and Western Gas Resources. The sale excludes AnadarkoÂs interests in the Mackenzie Delta and other Arctic frontier properties, which remain for sale. Tom Covington, an analyst with A. G. Edward, said Anadarko was trading out lower-growth properties for higher-growth properties acquired from Kerr McGee and Western Gas.
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Global equity and balanced mutual funds  proved to be hot sellers with Canadian investors in November,  representing the biggest components of the month's C$2.6  billion ($2.2 billion) in net fund sales, an industry group  said on Friday.
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Moving to unload an unprofitable venture, Cablevision Systems Corp. on Thursday sold its satellite broadcasting business to rival EchoStar Communications Corp. for &#36;200 million cash.
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The Canadian government moved forward with plans to sell its C$3.04 billion ($2.36 billion) stake in Petro-Canada, as the oil company filed offering documents with US and Canadian regulators.
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Canadian Imperial Bank of Commerce sold its last retail banking operation in the United States yesterday, ending a brief, but tumultuous, foray south of the border.
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BCE Inc , Canada's largest telecommunications group, announced the biggest buyout in Canadian corporate history on Saturday, accepting an offer worth C$51.7 billion ($48.5 billion), including debt, from a group including the Ontario Teachers Pension Plan.
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Cable &amp; Wireless has agreed to sell its Japanese unit to Softbank for 72.4 million pounds. The deal, under which the Japanese Internet communications company will assume debt worth 9.5 million