Rogers Communications to buy out Bell's share of MLSE for $4.7 billion
Rogers Communications to buy out Bell's share of MLSE for $4.7 billion
Rogers Communications Inc. is buying out Bell's 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate.
Telecommunication has become an essential service. Since it is an essential service it should be provided to the taxpayer at the lowest possible cost and be paid by a fair taxation program. All things essential should NOT be putting money into the hands of the private sector. The government who works for us should be providing all our essentials, food, water, clean air, communication, transportation, education, health care, etc... as cheaply as possible. The private sector can be in charge of things that are not essential such as alcohol and drugs, makeup and fashion....
I hate this company. Ever since they bought Shaw the service has turned to shit.
I dunno, I have had nothing but awful experiences with Shaw for over 10 years even when they were independent. They consistently lied to me and my family, overcharged us, and provided shoddy service which, at times, was barely functional. The layout of my local Shaw office is burned into my mind forever because of how damn often I was in that place.
That sucks. we have had Shaw since 2009, and it has been reliable and staff have been helpful. Their XB6 and XB7 routers are junk though and they want you to admin through a phone app. I just had them bridge an old cisco one they have and use my own router. Now they are with Rogers they call each month trying to get me to lock in to a plan that is more expensive.
So Rogers is going to become majority owner of MLSE?
Only good things can come from this! 🥸
CBC has this to add:
Bell Canada Enterprises (BCE Inc.), which owns 37.5 per cent of MLSE, said in a Wednesday press release that the deal is expected to close in mid-2025.
The company said that it is selling its ownership stake to reduce its debt and "support its ongoing transformation" from a telecommunications firm to a tech company.
What the hell are they doing over there?
LMAO @ "tech" company. They are trying to get higher valuation. I don't see that happening.
It sounds like MBA word salad. “We’re adding AI to the phone system somehow”.