Bell Canada and Lycos Announce Joint Venture.Business/Technology Editors TORONTO and WALTHAM, Mass.--(BUSINESS WIRE)--Feb. 2, 2000 Lycos establishes itself as the number one player in the Canadian Internet market through partnership with Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for Joint venture becomes exclusive consumer portal for Sympatico dial-up and broadband services Bell Canada invests U.S. $45 million Bell Canada and Lycos, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ) a leading Web media company and owner of the Lycos Network, today announced the creation of a new Internet See Web 2.0 and Internet2. company, Sympatico-Lycos, to provide Canadians with expanded Internet resources for the business-to-consumer marketplace. Through the Sympatico-Lycos portal, Canadians from coast to coast will enjoy the most comprehensive Internet experience that combines world-class Internet technology and applications, including search, community, personalization, e-mail, city guides and a wealth of Canadian content. &uot;With the Sympatico-Lycos joint venture, Bell Canada will greatly strengthen its position as the number one Internet company in Canada,&uot; said Jean C. Monty, Chairman and Chief Executive Officer of Bell Canada. &uot;Our objective behind the joint venture is to leverage the capabilities of both partners to create the most advanced business-to-consumer portal for English- and French-speaking Canadians, with the best interactivity and content.&uot; Sympatico's Web site is now accessed by more Canadian and foreign visitors than any other portal in Canada. The new portal will attract even greater interest from the Internet community, by representing on-line Canadians to sellers through e-commerce applications across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . &uot;Lycos' global strategy is to align with first-class companies with strong local infrastructure,&uot; said Bob Davis
Internet user Internet n → internaute m/f .&uot; &uot;We have chosen to team up with Lycos because of its impressive range of applications and technology, and its network of Internet properties, which have led it to become one of the most visited sites on the Internet,&uot; said Serge Fortin, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bell ActiMedia. &uot;Through this agreement, we will use Lycos technology and applications within our www.Sympatico.ca site to make it the most advanced business-to-consumer portal in the country. Visitors to our new site will find extensive additions and new functionalities such as instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , online auctions and parental controls This article is about computer options. For the television show, see Parental Control (TV series). Parental controls are options, typically included in digital television services, computer and video games, or computer software used to access the Internet, that . &uot; Terms of the agreement As part of the agreement, Bell Canada will invest U.S. $45 million (CA $66 million) to form with Lycos, Inc. a new company named Sympatico-Lycos, majority owned by Bell. Separately, Bell ActiMedia and Lycos signed a U.S. $40 million (CA $60 million) multi-year distribution agreement. Under the terms of the agreement, Bell products and services will be promoted to U.S. Lycos Network users accessing the Network from Canada. This agreement will broaden the distribution for Sympatico-Lycos immediately and leverage Lycos' dominant reach on the Internet. Additionally, through its subsidiary Bell ActiMedia, Bell Canada will also contribute its portfolio of business-to-consumer Internet properties to the new company: -- Sympatico.ca - Canada's leading portal with over 75 million pages views and 2.8 million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. per month -- YellowPages.ca - Electronic Yellow Pages Electronic Yellow Pages are online versions of traditional printed business directories produced by telephone companies around the world. Typical functionalities of online yellow pages include the alphabetical listings of businesses and search functionality of the business database directory with over 2.2 million businesses listed -- VMP VMP Vampire VMP Validation Master Plan VMP Value of Marginal Product VMP Veterinary Medicinal Product VMP Veterans Memorial Park VMP Variable Message Panel VMP Value Management Program VMP Vector Map Product VMP Vacuum Metallised Pigment .com - Virtual Market Place featuring premiere Canadian e-commerce retailers -- Canada411 - Business and residential phone number search -- Adbag.ca - A pre-shopping and electronic coupon destination -- Toronto.com - A complete city guide to Toronto -- MontrealPlus.ca - A complete city guide to Montreal -- CalgaryPlus.ca - A complete city guide to Calgary -- QuebecPlus.ca, - A complete city guide to Quebec City Bell ActiMedia will also contribute several other planned city guides. Powered by existing and future Lycos technology and applications, the new Sympatico-Lycos site, which will be launched in May, will offer Canadians one source for all of their business and consumer needs. It will do so using the global reach of the Internet and cutting-edge technology and applications. Lycos will license to the joint venture applications such as the My Lycos customizable start page, free e-mail See Internet e-mail service. , chat, shopping, homepage building, personalized news and more. The Lycos Network includes some of the Web's most popular sites, including Lycos.com, HotBot, Gamesville, Tripod MailCity, Quote, WhoWhere, Angelfire, HotWired, Wired News Wired News is an online technology news website, formerly known as HotWired, that split off from Wired magazine when the magazine was purchased by Condé Nast Publishing in the 1990s. Condé Nast later purchased Wired News on 2006-07-11. , Webmonkey and Sonique. Combined with the national, regional and local Canadian content of Sympatico, the new site - Sympatico-Lycos - will offer users a rich and unique online experience. Sympatico is already the premier Canadian brand on the Internet. With more than 100 million pages viewed each month, Sympatico and its other Internet properties generate more than CA $17.5 million (US $12 million) per year of online advertising revenues. Bell Canada's Sympatico dial-up and high speed Internet access See how to access the Internet. services will feature the Sympatico-Lycos content, community, and commerce offerings on an exclusive basis. Through Bell Canada and its associated companies, the new Sympatico-Lycos Internet Company will have access to more than 10 million Canadian households, which are currently Bell Canada customers. Marc P. Tellier, formerly Vice-President New Media Alliances, Bell ActiMedia, has been appointed President and CEO of the new company. Senior executives from both Lycos and Bell Actimedia will make up the management team. The closing of the transaction is subject to completion of certain conditions, including the receipt of normal course approvals. Bell ActiMedia is a wholly-owned subsidiary of Bell Canada, Canada's largest communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . Bell ActiMedia is responsible for Bell's Internet portal strategy and ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. business, providing e-commerce solutions for small- and medium-sized businesses, and for database and directory publishing in print and on the Internet. Operating for more than 80 years, Bell ActiMedia is the owner of the trademarked walking fingers logo and the brand name &uot;Yellow Pages(TM)&uot; across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . Bell ActiMedia manages a customer base in Ontario, Quebec, Atlantic Canada, Northern British Columbia, the Yukon and Northwest Territories and Calgary, with more than 320,000 advertisers and a business database of more than 2.5 million up-to-date, accurate listings available in print and through the Internet at popular Web destinations such as YellowPages.ca, Canada411.ca, Toronto.com, MontrealPlus.ca, and the Sympatico.ca portal. Bell Canada, its telecom partners and subsidiaries provide services through 13.6 million access lines, including 11 million in Ontario and Quebec. Bell Canada also serves more than 2.3 million wireless customers through Bell Mobility. About Lycos Founded in 1995, Lycos, Inc. is a leading Web media company and owner of the Lycos Network, one of the most visited hubs on the Internet reaching one out of every two U.S. Web users. The Lycos Network is a unified set of Web sites that attracts a diverse audience by offering a variety of services, including leading Web navigation resources, home page building and other Web community services and a comprehensive shopping center. The Lycos Network is composed of premium sites: Lycos.com, Tripod, WhoWhere, Angelfire, MailCity, HotBot, HotWired, Wired News, Webmonkey, Suck.com, Sonique, Quote.com and Gamesville.com. Lycos.com (http://www.lycos.com), &uot;Your Personal Internet Guide,&uot; is dedicated to helping each individual user locate, retrieve and manage information tailored to his or her personal interests. Headquartered near Boston in Waltham, Mass., Lycos, Inc. is a global Internet leader with a major presence throughout the U.S., Europe, Asia and Latin America. About Bell Canada Bell Canada provides a full range of communications services to customers, including wired and wireless local and long distance telephone services, Internet access, high-speed data services and directories. Bell Canada, its telecom partners and subsidiaries provide services through 13.6 million access lines, including 11 million in Ontario and Quebec. Bell Canada also serves more than 2.3 million wireless customers through Bell Mobility. Bell Canada is 80% owned by BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Inc. of Montreal and 20% owned by SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications Inc. of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . Bell Canada's Web site is located at http://www.bell.ca. News releases, speeches and background information are in the Newsroom. Our e-mail address is forum@bell.ca. Note: Certain statements made in this press release, which describe BCE's intentions, expectations or predictions, are forward-looking and are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of rapid technological and market change; general industry and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ; international growth and global economic conditions, particularly in emerging markets and including interest rates and currency exchange rate fluctuations; unanticipated impact of Year 2000 issues; and the impact of consolidations in the telecommunications industry. For additional information with respect to certain of these and other factors, see the reports on Forms 6-K and 40-F filed by BCE with the United States Securities and Exchange Commission. BCE disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Sympatico is a trademark of MediaLinx Interactive, Limited Partnership used under license. The Sympatico service is provided by Bell Advanced Communications (1998) Inc. (c)2000 Lycos, Inc. - Lycos(R) is a registered trademark of Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . All other product or service marks mentioned herein are those of Lycos or their respective owners. All rights reserved. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion