Toronto Hydro Telecom on the Auction Block
The Toronto Globe and Mail is reporting that Toronto Hydro Telecom has hired CIBC World Markets as adviser and is canvassing possible suitors.
The Globe reports that analysts said big telecom companies in Toronto, which include Rogers Communications Inc. and Bell Canada, could be among those who might be interested. Telecom consultant SeaBoard Group also hinted in a report last month that telecom company Atria Networks, which is owned in part by private equity firm Birch Hill Equity Partners, could come knocking.
The article doesn't mention TELUS as a potential buyer but I think it would be a good bet that they're looking. The purchase would allow them to bring many of their off-net clients onto their own infrastructure and eliminate many of the circuits that they currently lease from their competitors.
With the pending purchase completion of Bell Canada by the Ontario Teachers Pension Plan I seriously doubt that Bell will be making any significant purchases anytime soon.
Stumble It!
The Globe reports that analysts said big telecom companies in Toronto, which include Rogers Communications Inc. and Bell Canada, could be among those who might be interested. Telecom consultant SeaBoard Group also hinted in a report last month that telecom company Atria Networks, which is owned in part by private equity firm Birch Hill Equity Partners, could come knocking.
The article doesn't mention TELUS as a potential buyer but I think it would be a good bet that they're looking. The purchase would allow them to bring many of their off-net clients onto their own infrastructure and eliminate many of the circuits that they currently lease from their competitors.
With the pending purchase completion of Bell Canada by the Ontario Teachers Pension Plan I seriously doubt that Bell will be making any significant purchases anytime soon.
Stumble It!
