Bell Mobility Raises $150 Million to Expand Network.MONTREAL--(BUSINESS WIRE)--Dec. 16, 1996--BCE MOBILE (ME;TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). BCX BCX Beloreck (Russia) ) BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Mobile Communications Inc. (BCE Mobile) today announced that its subsidiary, Bell Mobility Cellular Inc. has arranged the private placement in Canada of $150 million of Senior Unsecured Debentures, Series E, due January 2007. The issue was placed with a group of major Canadian and U.S. institutional investors by RBC Dominion Securities
Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc. and Scotia Capital Markets, acting as agents. The debentures carry a coupon of 7.30 percent to yield 7.304 percent. The issue is expected to close in January 1997. The proceeds of the issue will be used primarily for the corporation's capital expenditure program relating to the expansion of its analog cellular network and to the roll-out of its digital network, including initial investments in personal communications services See PCS. . Said Robert Ferchat, "The pricing of the debentures reflects Bell Mobility's top credit standing among North American cellular operators and the high quality of its operating and financial performance." BCE Mobile is the Canadian leader in wireless communications. Its subsidiaries, operating under the Bell Mobility banner, provide cellular, paging, data, satellite and airline passenger communications services and are involved in the sale of cellular hardware and private radio systems. BCE Mobile is a publicly traded subsidiary of BCE Inc. CONTACT: BCE Mobile Communications Inc. John Gutpell, 514/956-4827 jgutpell@sympatico.ca |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion