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As Canada’s Manitoba Telecom Services (TSX:MBT) closes in on the sale of B2B unit Allstream, analysts view Bell Canada (TSX:BCE) and Telus (TSX:T) as the most likely buyers for its remaining operations.
TD Securities analyst Vince Valentini said in a recent report that Bell Canada (TSX:BCE) is the most likely buyer given its strong track record of making prudent, strategic and accretive acquisitions. Its purchases of CTV, Astral Media and Bell Alliant all helped BCE boost organic free cash flow and dividends, he said.
Dmitry Shukov, the CEO of Indian mobile operator Sistema Shyam Teleservices (SSTL) has resigned, with 7 September to be his last day.
CFO and Deputy COO Sergey Savchenko will take over next week, with current director of business planning Elena Peretrukhina becoming acting CFO. A spokesperson for Sistema confirmed the management changes, saying the board had approved them at a meeting held today.
Canada’s BlackBerry (TSX:BB) has agreed to buy California-based software rival Good Technology for US$425m in cash in an effort to boost its mobile security platform.
The move aligns with the Ontario-based smartphone maker’s move into the software market as its handsets lose market share to those operating on Apple’s iOS or Google’s Android systems.
Bertrand Meheut has been replaced as Canal+’s chairman after 13 years at the helm amid sweeping changes by billionaire Vincent Bolloré, who chairs its parent group Vivendi (EPA:VIV).
Bolloré recently upped his stake in Vivendi to about 14.5% to tighten his grip on the company and tackle Canal+’s falling subscriber numbers. The latest executive change came after he was appointed chairman of Canal+’s supervisory board, taking over that responsibility from Vivendi CEO Arnaud de Puyfontaine.
Polish fibre optic network operator Hawe (WSE:HWE) is set to file a motion of bankruptcy, its management board has reportedly indicated.
The development comes less than a month after the company denied reports that its finances could be compromised as a result of legal claims, stating there was no evidence it would file for bankruptcy.
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