Dec 11, 2008 BCE’s shares have fallen by almost half since Teachers’ made its C$42.75-a-share bid. BCE dropped 59 cents, or 2.6 percent, to C$22.43 at 12:50 p.m. in Toronto.The stock fell 34 percent on Nov. 26 on concern that KPMG was unlikely to bless the deal because of the C$34 billion in bonds and loans needed to finance the purchase. The company hired PricewaterhouseCoopers LLP in an unsuccessful effort to persuade KPMG to change its opinion. . BCE lost 72,000 home-phone lines last quarter as customers switched to wireless lines or to cable companies such as Rogers. BCE’s wireless unit, which makes up a quarter of sales, grew at less than half the rate of Rogers’s mobile unit. BCE must also realistically decide whether to invest in the much need fiber-optic lines for its home customers and whether it should provide Internet- based TV service to compete with the cable firms too http://www.bloomberg.com/apps/news?pid=20601082&sid=ayi6TCn22gaQ&refer=canada
BCE takes low road as deal fails For all BCE’s protests, the world’s largest leverage buyout just failed because lawyers for the telecom company inserted a requirement in the deal that stated BCE needed to get a favourable solvency opinion. When KPMG, a reputable accounting firm, weighed in with a final opinion that BCE didn’t meet solvency standards, the deal died. OnceBCE agreed to a buyout, they muffed the job of closing the deal.
“The initial lawsuit claims that Apple and AT&T misrepresented the speed of the iPhone on AT&T’s 3G network. The suit claims insufficient infrastructure of the network and the fact that so many phones have been sold that it can’t handle the volume of phones trying to use it. “Due to the overloaded 3G network, it is quite common for iPhone users to only be on the 3G network for a few minutes before being bumped to the slower EDGE network despite being in geographical areas allegedly rich with 3G network coverage,” reads the lawsuit.
The lawsuit is seeking a jury trial where they are asking for statutory, compensatory and punitive damages.”
An important decisive factor for SMEs is the level of support provided by ISPs: 85 percent stated that the level of support was the most important criteria when choosing an ISP while the highest number of respondents, 80 per cent, considers UK based support to be very important. Some ISP providers have been criticised for taking telephone support overseas and cutting staffing costs.
Just over half of those asked, 55 per cent were happy with their current supplier and were unlikely to change, 45 percent are unhappy. and 68 per cent had not changed ISP in the last year but 13 per cent are considering changing ISP at present.
When they do, it’s mainly when there are issues with reliability, quality of service, cost or for higher speeds. It was found that 72 per cent of SMEs said they would change provider because of unreliable connection, but note only 40 per cent would change to save money.
98 per cent of SMEs consider reliable Internet access to be critical to the needs of their business. 71 per cent of SMEs thought it was important that their ISP was business orientated, as 80 per cent use the Web to locate suppliers and 76 per cent use it for purchasing activities.
The federal, provincial governments, the CRTC, Conservatives, Liberals unfairly maintaining archaic, monopolistic telecommunication firms, that are often bloated, cost ineffective, incompetent, over staffed, un-competitively managed as well is the main reasons consumer costs falsely keep on going up now.Bell has always had it’s spin doctors spin, lying..
“But still “It’s getting hard to figure out the upside on the BCE story It’s very difficult to say what’s priced into the stock, but make sure you know the risks before you pile into BCE. There may be some hidden ones. And there might be some positive surprises too. Before the announcement of this deal, the shares traded between $26 and $28. The stock is trading at about $25 now. The cable companies are doing better… Then there’s the competitive landscape. It’s ferocious out there, with well-funded cable, VoIP and new wireless entrants moving in with their elbows high. There are three sources of potentially good news. The first is that BCE upgrades its land line network and makes inroads into television. That’s hard to bank on and, even if you do, it’s tough to figure out the upside. The second is the network-sharing agreement with Telus, which should yield strong returns. And finally, there’s “Belus.” Most of us find it hard to believe that the Competition Bureau would let a merger with Telus happen, or that it would let the merged entity cherry pick its divestitures… If none of these scenarios moves you, though, you’re probably better investing in the cable companies. As illustrated in this space not long ago, they are walloping the telcos because they generally have better technology. Where broadband goes, in the words of research firm Sandford Bernstein, so voice and video follow. In Canada, Rogers has mobile and Shaw is poised to move in. They’re more expensive, true, but in the long term, they seem to have more promise.” http://www.theglobeandmail.com/servlet/story/LAC.20081128.RVOX28/TPStory/Business
I too have discovered often that while I personally do also have many blogs, internet sites, next my own accessibility to these sites is it seems unnecessary restricted, difficult, and one of the main valid explanations as many of us already do know is the false periodic unacceptable capping, throttling, access restrictions, by the ISP, internet Service Suppliers themselves. I too now do have no sympathy for almost any of ISPs. They firstly do still to often lie lie to get customers and next when they get them they cannot honor, keep their original promises, promised speeds and capacities It’s one thing to gouge us all with continual increase rates but not to keep also same promised original service. No, no, no. ISPs are not only raising their rates but still also decreasing their services and the quality of it as well..