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Bell Canada (who is one of the principal actors of the world of telecommunications in Canada) has just published an official statement which announces an extraordinary assembly of the shareholders who will take place next on September 21 in Montreal. The shareholders of Bell Canada, who will have actions with the closing of the markets on August 10, will have to come to a conclusion about the privatization of Bell Canada. A group which includes in other the Council of the Pension plan of the Teachers of Ontario, Providence Equity Partner and Madison Dearborn Partners want to transform Bell Canada into closed company. The Pension plan of the Teachers of Ontario was already the principal shareholder of Bell Canada and found that Bell Canada did not progress rather quickly. Had with the fact that Bell Canada will not be any more at the thank you of his shareholders and competitors by revealing his financial results each quarter will enable him to plan strategies in the long run even if the profits are not immediately with go. Let us recall that last week telus officially announced to have given up buying Bell Canada because of the lack of information of the federal government about the laws anti competition with which would have probably obliged telus to separate its division wireless telegraphy, which telus did not want to consider.
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