Saturday, April 18th3.0°C
25889
24644

Astral committed to Bell's deal

Astral Media's CEO says he still wants his Montreal company to be bought by telecom giant Bell.

CEO Ian Greenberg says Astral is still committed to see if there is a way for the $3.4-billion transaction to go ahead.

Greenberg made the remarks on a conference call with financial analysts to discuss the company's fourth-quarter financial results.

Astral's CEO says, meanwhile, the company is assessing all of its alternatives.

The deal had been expected to close this fall, but the CRTC rejected the takeover, saying it wasn't in the best interests of Canadians.

Bell has asked the federal cabinet to get involved, but Ottawa has suggested there's little appetite to do so.

Astral's adjusted net earnings for the fourth quarter, excluding the cost of the Bell-Astral transaction and tax rate changes, rose to $54.3 million, up 14 per cent from $47 million a year earlier.

The Canadian Press


Read more Business News

24442


Recent Trending




Today's Market
S&P TSX15360.55-26.22
S&P CDNX702.85-2.74
DJIA17826.30-279.47
Nasdaq4931.81-75.98
S&P 5002081.18-23.81
CDN Dollar0.8169-0.0001
Gold1204.10+6.10
Oil56.14-0.57
Lumber245.50-9.80
Natural Gas2.641-0.043

 
Okanagan Companies
Pacific Safety0.12+0.00
Knighthawk0.010.00
QHR Technologies Inc1.40-0.01
Cantex0.035+0.005
Anavex Life Sciences0.33+0.02
Metalex Ventures0.075+0.030
Russel Metals27.48-0.23
Copper Mountain Mining1.13+0.01
Colorado Resources0.10-0.00
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation1.80+0.15

 





FEATURED Property
17977987235 Fintry Delta Road, West Kelowna, BC
3 bedrooms 3 baths
$599,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_





25633


Member of BC Press Council


25541