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Provincial Liberals lost $61 million on sale of Ontera
2015-09-29 23:33:49| Telecom - Topix.net
Newly released public documents show the Ontario government paid consultants and lawyers $6.5 million to advise them on the sale of a Crown agency that sold for only $6 million. The documents show the Liberal government lost $61 million when it sold Ontera, the telecommunications arm of the Ontario Northland Corporation, to Bell Aliant.
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Tories call Liberals a laughing stock for losing $61 million on Ontera sale
2015-09-29 23:33:48| Telecom - Topix.net
The opposition parties pounced Tuesday on public accounts showing the Ontario government took a $61 million loss on the sale of a Crown agency, and paid more for consultants than it received for the telecommunications company Ontera. Ontera, an arm of the Ontario Northland Transportation Commission, was sold to Bell Aliant in 2014 for $6 million, but newly released figures show the government paid $6.5 million for lawyers and consultants to advise it on the sale.
Telecom Italia hoping to close Inwit sale this year - report
2015-09-29 09:42:00| Telecompaper Headlines
(Telecompaper) Telecom Italia is looking to close a sale or merger of its mobile-phone tower unit Inwit by the end of 2015, according to two unnamed sources cited by Reuters. The news comes after the company's board gave CEO Marco Patuano a mandate to explore the sale of Inwit, whose share value has risen sharply since Telecom Italia raised around EUR 780 million in June from an IPO of a 40 percent stake in the company. One of the sources said Telecom Italia was prepared to cede control of Inwit but wanted to keep a minority stake in the unit. Numerous sources have suggested that Spain's Cellnex Telecom and Italian infrastructure fund F2i are interested in Inwit, without other possible bidders including state-controlled RaiWay and Mediaset-owned EI Towers.
Argentina blocks Nextel sale
2015-09-29 02:00:00| Total Telecom industry news
Buyout deal between NII Holdings and Grupo Clarin required prior regulatory approval, AFTIC says.
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Silent Circle's Blackphone 2 Now on Sale
2015-09-28 20:02:45| PC Magazine Security Product Guide
Announced at MWC in March, the Blackphone 2 is now available now for $799.
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