BCE’s joint venture with Rogers Communications to control the cellphone retailer Glentel will boost BCE’s cash holdings.
BCE’s joint venture with Rogers Communications to control the cellphone retailer Glentel will boost BCE’s cash holdings. Rogers will pay BCE $392 million and BCE will pay Glentel $297 million in cash meaning a difference of $95 million. The original plan was for BCE to acquire the retailer on its own but a legal challenge by Rogers led to the joint venture being announced on Christmas Eve.
