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Home - CARRIER WILL SELL STAKE IN CLEARNET FOR $66M
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CARRIER WILL SELL STAKE IN CLEARNET FOR $66M

by Reily Gregson January 1, 1996
written by Reily Gregson January 1, 1996 Share
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MONTREAL-BCE Mobile Communications Inc. announced it has agreed to sell its holdings in Clearnet Communications Inc., a specialized mobile radio operator in Canada.

BCE reported the sale of the 3.3 million Class A nonvoting shares will be effected at a price of $20 per share, for a total transaction value of about $66.4 million. The sale is set to close this month.

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