Wednesday, May 11, 2005

Ted Rogers Goes Shopping Again

Mark Evans

It sure didn't take long for Ted Rogers to open up his wallet again with the C$330 million purchase today of Call-Net Enterprises Inc. The all-stock deal will give Rogers Communications extensive network assets in Eastern Canada to go after business customers; 495,100 local residential and business telephone customers (using traditional circuit-switch technology) and a large, but slowly-declining LD business. Rogers' shopping trip in the past seven months has also included the C$1.4-billion purchase of Microcell Telecommunications Inc. and the C$1.8 billion purchase of AT&T Wireless' 34% stake in Rogers Wireless. You get the feeling Mr. Rogers has an ambitious agenda to complete before he retires in a few years. That is, if he ever retires.


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