From the NT thread. This type of discussion can only help the shares of BCE
BCE's results rise, says could spin off Nortel
By Robert Melnbardis
TORONTO (Reuters) - BCE Inc. , Canada's biggest telecommunications conglomerate, posted strong results in its third quarter but said it might consider spinning off a strong contributor to its bottom line -- affiliate Nortel Networks Corp.
In a telephone conference call, BCE President and Chief Executive Jean Monty said the ''high'' discount on the conglomerate's share price has been a hot topic with investors who have been wondering whether it would help to spin off 41-percent-owned Nortel, one of the world's biggest telecom equipment makers.
''If the discount is not reduced over time by the operational initiatives that I have just referred to, we might consider structural changes to the group, including the possible spin out of Nortel,'' Monty told analysts in a conference call.
''However, I am not going to speculate with you on the likelihood of this scenario, and that is all I will have to say about Nortel today,'' he added. |
