Business

Business

Saturday, October 9, 2010

Bell Canada to raise funds for upgrade

The owner of Bell Canada is expected to sell its stake in newspaper and TV businesses in order to fund network upgrades.

A specific example of Bell’s business strategy can be found in the news that is about the raise of R&D development funds for technological upgrade announced by the owner of Bell. According to the news from Global Telecoms Business, in order to increase the competitive advantages of the technology development, Bell indicated that they are “looking to sell venture-capital investments and assets in order to fund an overhaul of its 3G network, and also allocate part of the money to revamp its fibre network. The deal is expected to help raise about $150 million.”

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