YOU ARE AT:Archived ArticlesBell Canada buys back 4-percent stake from SBC

Bell Canada buys back 4-percent stake from SBC

SAN ANTONIO-Bell Canada Holdings repurchased approximately 4 percent of SBC Communications Inc.’s 20-percent interest in the company for $870 million.

The companies also entered an agreement giving SBC the right to sell its remaining 16-percent interest in Bell Canada to BCE Inc. for a one-month period beginning Jan. 3. The agreement also gives BCE the right to purchase SBC’s remaining interest for a one-month period beginning Oct. 15.

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