hugh
2008-01-03, 12:29 PM
edited for brevity from press release issued today...
The City of Kenora and Bell Aliant Regional Communications, announced today that they have entered into an agreement under which Bell Aliant will purchase the assets and business of Kenora Municipal Telephone System (KMTS). The acquisition price will be approximately $27 million.
Bell Aliant already serves customers, and is a strong community partner, in Jaffray Melick and other neighbouring areas of Kenora in Northern Ontario and has committed to offer employment to all current KMTS staff.
The proposed transaction is subject to final approval by Kenora's City Council following a public information meeting which will be held in Kenora on January 15, 2008.
About KMTS
Owned by the City of Kenora, the Kenora Municipal Telephone System provides a full range of telecommunications services to business and residential customers, and has served Kenora and the surrounding area since 1902.
The City of Kenora and Bell Aliant Regional Communications, announced today that they have entered into an agreement under which Bell Aliant will purchase the assets and business of Kenora Municipal Telephone System (KMTS). The acquisition price will be approximately $27 million.
Bell Aliant already serves customers, and is a strong community partner, in Jaffray Melick and other neighbouring areas of Kenora in Northern Ontario and has committed to offer employment to all current KMTS staff.
The proposed transaction is subject to final approval by Kenora's City Council following a public information meeting which will be held in Kenora on January 15, 2008.
About KMTS
Owned by the City of Kenora, the Kenora Municipal Telephone System provides a full range of telecommunications services to business and residential customers, and has served Kenora and the surrounding area since 1902.