- BCE (BCE +0.7%) and Rogers (RCI +1.1%) will each own 50% of Glentel following the closing of the BCE/Glentel deal. Rogers will pay half of BCE's purchase price in cash - BCE has committed to paying $594M for Glentel's equity, and assuming $78M in debt.
- Following the purchase, Glentel will continue "operating as a standalone entity with independent management." The BCE/Glentel deal is still expected to close in Q1 2015.
- Earlier: BCE, Rogers to jointly own Glentel's Canadian retail ops