Sun, Jun 22, 2008 - Page 11 News List

Court approves record buyout of BCE

FAIR DEAL? The Canadian Supreme Court was asked to decide what a board must consider in a buyout, after a lower court said bondholders' rights had been trampled

AP , TORONTO

The Toronto-based Ontario Teachers’ Pension Plan — with assets of C$108 billion last year — invests and administers the retirement funds for Ontario’s 353,000 active, inactive, and retired teachers. US-based Providence Equity Partners and Madison Dearborn Partners LLC are also involved in the proposed buyout.

BCE, which has more than 54,000 employees, had annual revenue of C$17.8 billion last year. It had 5.8 million wireless subscribers, 8.64 million phone lines, 1.94 million Internet subscribers and 1.82 million satellite television subscribers in 2006.

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