BCE, Bell Canada the plunging phone company

More bad news for BCE.. The past False, misleading advertisements, bad management, Download cappings, have all lead to this. Shares of BCE tumbled $13.10, or 34 per cent, to $25.25, trimming 102 points from the S&P/TSX composite index, after accounting firm KPMG said it couldn’t certify the solvency of the company before the Dec. 11 deadline for the deal to close. A group of private equity investors led by the Ontario Teachers Pension Plan agreed to pay $42.50 a share for BCE in the biggest leveraged buyout of all time. But the subsequent stock market crash, four quarters of declining profits, and a ballooning pension fund deficit have pushed the value of the company so low, it might not be able to service the mountain of debt that would replace shareholder equity after the buyout. http://www.canada.com/vancouversun/news/business/story.html?id=2d87f9bc-b646-4762-947d-514ef7fc32d0   http://www.theglobeandmail.com/servlet/story/LAC.20081128.RVOX28/TPStory/Business

BCE says Teachers’ buyout ‘unlikely to proceed’ if solvency opinion not improved Wed Nov 26, 5:48 PM MONTREAL – Bell Canada’s roller coaster ride to privatization may finally crash under the weight of its prospective massive debt after an accounting firm raised serious doubt that the world’s largest leveraged corporate buyout could succeed. I am always amazed how they had wrongfully thought they could continue to abuse their own customers and next get away with it still too.. they had wrongfully failed to use profits to upgrade their old, obsolete phone lines, equipment too.. as a result lost many customers to the cable ISP too. They now really do not deserve any Business bail out by the taxpayers or the government.

Bell has always had it’s spin doctors spin, lying..  “But still “It’s getting hard to figure out the upside on the BCE story   It’s very difficult to say what’s priced into the stock, but make sure you know the risks before you pile into BCE. There may be some hidden ones. And there might be some positive surprises too.  Before the announcement of this deal, the shares traded between $26 and $28. The stock is trading at about $25 now.  The cable companies are doing better…  Then there’s the competitive landscape. It’s ferocious out there, with well-funded cable, VoIP and new wireless entrants moving in with their elbows high.  There are three sources of potentially good news. The first is that BCE upgrades its land line network and makes inroads into television. That’s hard to bank on and, even if you do, it’s tough to figure out the upside. The second is the network-sharing agreement with Telus, which should yield strong returns. And finally, there’s “Belus.” Most of us find it hard to believe that the Competition Bureau would let a merger with Telus happen, or that it would let the merged entity cherry pick its divestitures…   If none of these scenarios moves you, though, you’re probably better investing in the cable companies. As illustrated in this space not long ago, they are walloping the telcos because they generally have better technology. Where broadband goes, in the words of research firm Sandford Bernstein, so voice and video follow. In Canada, Rogers has mobile and Shaw is poised to move in. They’re more expensive, true, but in the long term, they seem to have more promise.”

A recent report by KPMG, acting as valuation firm, found that the amount of debt involved in the privatization of BCE (BCE), the parent of Bell Canada, would essentially render the company insolvent. As a result, the parties have called off the deal.
      

Dec 11, 2008 BCE’s shares have fallen by almost half since Teachers’ made its C$42.75-a-share bid. BCE dropped 59 cents, or 2.6 percent, to C$22.43 at 12:50 p.m. in Toronto.The stock fell 34 percent on Nov. 26 on concern that KPMG was unlikely to bless the deal because of the C$34 billion in bonds and loans needed to finance the purchase. The company hired PricewaterhouseCoopers LLP in an unsuccessful effort to persuade KPMG to change its opinion.  .  BCE lost 72,000 home-phone lines last quarter as customers switched to wireless lines or to cable companies such as Rogers. BCE’s wireless unit, which makes up a quarter of sales, grew at less than half the rate of Rogers’s mobile unit. BCE must also realistically decide whether to invest in the much need fiber-optic lines for its home customers and whether it should provide Internet- based TV service to compete with the cable firms too http://www.bloomberg.com/apps/news?pid=20601082&sid=ayi6TCn22gaQ&refer=canada

BCE takes low road as deal fails For all BCE’s protests, the world’s largest leverage buyout just failed because lawyers for the telecom company inserted a requirement in the deal that stated BCE needed to get a favourable solvency opinion. When KPMG, a reputable accounting firm, weighed in with a final opinion that  BCE didn’t meet solvency standards, the deal died. OnceBCE agreed to a buyout, they muffed the job of closing the deal.
http://www.theglobeandmail.com/servlet/story/RTGAM.20081211.WBstreetwise20081211113644/WBStory/WBstreetwise

 

 

 

Clearly you cannot trust too often crooked Bell or the CRTC . Why is Bell allowed to control stuff that isn’t theirs?  ” However I do have a problem with wholesalers, customers not being able to use the full speed of a network. After all, they pay for the full speed when getting it from the phone companies. They should get the full speed.  ”  Bell’s known poor acts, actions deserve all kinds of vilification.  What a completely asinine company Bell is. I will never, ever deal with them again. Worst company I’ve ever encountered, what stupid business practices. ” Bell’s actions too often are still motivated by a desire to undermine competition  and increase their customer base seems too often as well to lose more customers.. “Bell and Rogers caused a lot of the problem themselves, with selling so called “unlimited” packages, only to find new applications use more bandwidth than they have available ot had deployed. “
“It is not just about the price too,   Bell can be real jerks to its customers. I used to be one until I got sick of their lack of customer service, etc., and even having 2 provides Bell and Rogers/local cable provider essentially in Ontario will NOT decrease prices. Look at the current cell-phone market as an indirect example of how low competition keeps prices high. ” ” and are they Bell and the others going to put unadvertised cap on how much we could download because basically the can to meet their advertised speeds due to their bolster, too often inadequate support structures, equipment too..” Bottom line is that when it comes to telecommunications and especially high speed internet, no one can be trusted, for  the fact is that ISP   – Cable, Telco etc – on their own will not invest in faster networks and bigger coverage areas because of the costs, and the main Corporate desire not to offer a service but a false desire  to make maximum profits with a minimum of capital investment. Services will evolve but at a slower pace until competitors are forced to invest in their own infrastrucuture.

Basically motivated by greed, increasing the profits. Bait and switch,  Misleading advertising, Unfair and Restrictive business trade practices seem to be a common thing in the Internet Service Providers  industry too, especially since generally the ISP are unregulated both by the Courts and the governments. It is a sad reality that even what is advertised is also next what the customer next consistently gets.

The Canadian Radio-television and Telecommunications Commission on Thursday issued a decision ordering Canada’s big phone companies, including Bell, Telus Corp., MTS Allstream Inc., SaskTel and Bell Aliant, to offer the same internet speeds to smaller wholesale customers as they themselves sell on a retail basis.” Service speed is an important competitive attribute, with rates differing significantly by speed and speed often being a major differentiation point from a marketing standpoint,” the CRTC ruled.

Under existing CRTC regulations, the big phone companies are required to rent out their networks to smaller service providers, who then sell internet access to their own customers. The rules boost the number of competitors selling internet access to the public, and thus keep prices down and service levels up. The regulations, however, have only applied to older infrastructure based in phone companies’ centralized office buildings.

Recently, phone companies have been pushing their networks out of those buildings by putting new equipment into streetside cabinets in an effort to boost their customers’ internet speeds. Smaller internet service providers haven’t had regulated access to those cabinets, however, which means they have been limited to selling slower speeds than those offered by the big phone companies.

In Quebec, for example, Bell has been selling internet connections with download speeds around 16 megabits per second while small ISPs have topped out at less than half that. The phone companies will only be required to offer faster speeds to wholesale ISPs when they sell them on a retail basis in a given area. Smaller ISPs will therefore have to request the faster connections from the phone companies. Bell, Telus and the others have 45 days to file with the CRTC the proposed rates they intend to charge the small ISPs for faster services. The rates will have to represent the actual cost of the service, plus “a reasonable mark-up,” the regulator said.

..the CRTC launched a larger inquiry into how much control large network owners such as Bell, Telus, Rogers Communications Inc. and Shaw Communications Inc., should have over the internet connections they sell to customers.” http://www.cbc.ca/technology/story/2008/12/12/tech-crtc.html
 
 “The CRTC has had a “cosy” relationship with Bell for as long as I can remember. It is obvious it continues. Short of replacing all the Commissioners with officials elected by net users this will never change. Time for a “revolution” IMO.” ” I really wonder who we have in charge of the CRTC. I would prefer a 13 year old nerd that has the slightest clue about the new hype of the Internet, ”
 
” Net neutrality is one of the most significant “sleeper” issues that will confront the people of Canada over the next decade. Just as we have demanded regulation for our road traffic and public utilities, we will demand fair access to our data services and even to each other.  “
 
“Indeed, it is important not to lose sight of how much has changed in the past year. In the fall of 2007, net neutrality was viewed as a fringe issue in Canada without much political traction. In the span of 12 months, there has been a major CRTC case, the Angus bill, a rally on Parliament Hill, a more vocal business community supporting net neutrality and a gradual shift of this issue into the political mainstream. ”  http://www.thestar.com/sciencetech/article/542156  http://www.neutrality.ca/
  
  
 Telecom dinosaurs are like the Big Three auto makers… act now to avoid more future tax funded bailouts.
 
 
Do continue here  below  to often read about bad Bell.. http://thenonconformer.wordpress.com/tag/bell/
 

 

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This next was so predictable even by me too

  The Bell company has also adopted rebranded its Bell ExpressVu, Sympatico and residential service in favour of Bell TV, Bell Internet and Bell Home Phone.  http://thenonconformer.wordpress.com/2009/08/07/bell-bce-own-profitability/

The new image will not deny the same bad Bell  http://canadatoday9.multiply.com/journal/item/4/HOW_TO_DEAL_WITH_MAJOR_COMPLAINTS

“It’s all to convince to convey that Bell is and has gotten better,” Bell Mobility president Wade Oosterman said in an interview.

But telecom analyst Carmi Levy of AR Communications said the changes will have little impact unless they are accompanied by a dramatic improvement to customer service.

“You can change your logo and you can change the name of your offering until the cows come home but if you don’t change the fundamental way that you operate, then the rebranding effort will be for not,” the Toronto-based analyst said in an interview.

He said Bell needs to be less adversarial and aggressive with customers and more responsive to their needs.

“This needs to be just the first salvo in an ongoing effort to become a softer friendlier company to deal with.”

New Bell chief executive George Cope has promised to improve customer service as it completely overhauls the vast business. The Montreal-based company recently announced plans to shed 15 per cent of management and sell non-core assets.

Bell hangs up on 2500 jobs
Toronto Starall 199 news articles »  En Français »

   Analysts say there’s more bloodletting ahead at telecom giant Bell Canada following news yesterday the company is axing 2500 managers .  – BCE Inc.’s newly appointed chief executive George Cope announced the company will shed 2,500 management positions representing several layers of bureaucracy as the first steps of a plan designed to steer the bloated telecommunication giant back into competitive shape. The layoffs, which include the reduction of 15 per cent of BCE’s management and 30 per cent of its senior leadership team, will be focused in the company’s main business units such as its Bell Canada, Mobility, ExpressVu and Enterprise groups, Cope said. Non-management front-line service positions are not affected by the announcement, although it is expected some of its 54,000-strong workforce will be cut by the end of the year.

 I have written a lot even on the net  in  the last 18 months how bad Bell really has become.. http://www.google.com/search?q=thenonconformer+sympatico&rls=com.microsoft:en-us&ie=UTF-8&oe=UTF-8&startIndex=&startPage=1 

http://thenonconformer.wordpress.com/2008/07/18/bell-sympatico-executive-care-sasha-rollins/ 

 

 

If you’re sgned up with a locked in agreement with either carrier, and have selected your desired plan option, the Quebec man is arguing that the carrier is not permitted to change the terms of said plan until the contract has ended. 
 
 
Where’s Canada’s regulator? Globe and Mail, Canada –  Coincidentally, this morning also brought news that a class-action lawsuit has been launched in Quebec over plans by Bell Mobility Inc. and Telus …
  
 
Bell Canada Ontario class action  p2pnet.net, Canada – 22 Jul 2008 Says Drake in a p2pnet Reader’s Write, “Ontario residents can now join the class action suit against Bell for throttling.” Bell Canada has been trying to …
 
  
 the Canadian Internet Policy and Public Interest Clinic, based at the University of Ottawa’s Faculty of Law, asked the federal Privacy Commissioner to investigate the Internet service provider (ISP) industry’s practice of profiling users online to target them with advertising… You’d think the Canadian Radio-television and Telecommunications Commission would have stepped into that role a little more energetically than it has. It seems to have been loath to delve too far into holding high-tech companies accountable to any standards.  The CRTC’s U.S. counterpart, the Federal Communications Commission, is a much more aggressive regulator (in a land obsessed with deregulation). This morning the FCC took a step closer to “punishing” Comcast after the company had blocked Internet traffic among users of file-sharing software that allows them to exchange large amounts of data. Though the punishment is not likely to include a fine, it could require Comcast to stop blocking peer-to-peer traffic, open up their business to the FCC describing what exactly Comcast had done and to be a lot more transparent with its customers about how it manages its network… Why do practices like these have to be handled by individuals launching lawsuits or self-appointed law clinics writing stiff letters? Why are our regulators quiet while the service providers, of both Internet and cellphone services, keep charging whatever they want and doing things that they wouldn’t do if they were more actively regulated? It’s not like Canadian Internet providers have been angels, living just above the poverty line. But it appears they have been milking their customers, and should be accountable for their actions.
  
Ottawa sends own message on new cellphone fees
Toronto Star,  Canada – 5 hours ago
He said that, as of yesterday, 270 people had signed up for the lawsuit against Telus and another 306 for the suit against Bell. …
Ontarians join anti-text fee lawsuit Toronto Sun
Class-action sought over messaging fees Globe and Mail
SMS Alert: Class Action Suit Filed Against Bell, Telus MarketnewsGadgetTalk
Prepaid Reviews – TheChronicleHerald.ca
all 192 news articles »
 
Class Action Lawsuit Launched Against Telus and Bell
Mobile Magazine – 28 Jul 2008
In fact, the Canadian populace is so angry at Telus and Bell that they are launching a class action lawsuit over the incoming text message fee. …
Class action suit filed against Bell, Telus for new texting fees CBC.ca
Bell, Telus facing possible lawsuits over text fees CJAD
Bell and Telus sued over incoming text fees Winnipeg Sun
CTV.ca – Canoe.ca
all 104 news articles »
    
I do not have to accept any of the negative consequences, or bad acts of other persons  and their sins too. Not even those by the Liberals or the Conservatives leaders now too.
That includes their verbal abuse, physical abuse, slander, lies, emotional abuses, their false silent treatment too now. etc.. I can even tell them that now too. 

Public exposure and prosecution of the guilty persons seems to be most effective way that works for everyone’s benefit in dealing with the bad acts of others still.

(Job 28:28 KJV)  And unto man he said, Behold, the fear of the Lord, that is wisdom; and to depart from evil is understanding.

I still am often amazed how many control freaks I do encounter, and yes often they can also be found in schools, homes, work, church,  governments, elsewhere too.. these are people who often claim they are giving you some helpful hints, tips, advice but are trying to manipulate you to do something they rather want.  
 
Control freaks do often have a terrible personal, social  life too and do often make all life terrible for those they live with, marry, work with, come in contact with.
   
Sent: Wednesday, July 30, 2008 11:29 AM
Cc: correspondenceminister ; mpremier@gov.ab.ca ; premier@gov.bc.ca ; premier@leg.gov.mb.ca ; Premier@gnb.ca ; premier@gov.nl.ca ; floyd_roland@gov.nt.ca ; premier@gov.ns.ca ; rwjghiz@gov.pe.ca ; premier@gov.sk.ca ; dennis.fentie@gov.yk.ca ; compbureau@cb-bc.gc.ca ; info@ccts-cprst.ca ; infomgs@mgs.gov.on.ca ; ccbbb@canadiancouncilbbb.ca ; pm41 ; Nicholson.R@parl.gc.ca ; Day.S@parl.gc.ca ; Dion.S@parl.gc.ca ; Abbott.J@parl.gc.ca ; allenm@parl.gc.ca ; Ambrose.R@parl.gc.ca ; Anders.R@parl.gc.ca ; Baird.J@parl.gc.ca ; Bell.D@parl.gc.ca ; Bernier.M@parl.gc.ca ; Blackburn.J@parl.gc.ca ; Cannon.L@parl.gc.ca ; casson@rickcasson.com ; Chong.M@parl.gc.ca ; Clement.T@parl.gc.ca ; davebatters@shaw.ca ; Davidp@parl.gc.ca ; delmad@parl.gc.ca ; DevolB@parl.gc.ca ; Emerson.D@parl.gc.ca ; FailleM ; Finley.D@parl.gc.ca ; Flaherty.J@parl.gc.ca ; Fletcher.S@parl.gc.ca ; Goodale.R@parl.gc.ca ; hawnL@parl.gc.ca ; Hearn.L@parl.gc.ca ; Holland.M@parl.gc.ca ; info@dickharrismp.ca ; jaffer@parl.gc.ca ; Keeper.T@parl.gc.ca ; Kenney.J@parl.gc.ca ; Layton.J@parl.gc.ca ; Lukiwski.T@parl.gc.ca ; Lunn.G@parl.gc.ca ; Mackay.P@parl.gc.ca ; MacKenzie.D@parl.gc.ca ; martin.paul@parl.gc.ca ; mathyi@parl.gc.ca ; Mayes.C@parl.gc.ca ; Moore.J@parl.gc.ca ; Obhrai.D@parl.gc.ca ; OConnor.G@parl.gc.ca ; Oda.B@parl.gc.ca ; ottawa@larrymiller.ca ; Pallister.B@parl.gc.ca ; pepinl@sen.parl.gc.ca ; Prentice.J@parl.gc.ca ; rajotte.j@parl.gc.ca ; sgroj@parl.gc.ca ; silva.m@parl.gc.ca ; simmssc@parl.gc.ca ; Skelton.C@parl.gc.ca ; Solberg.M@parl.gc.ca ; sorenson.k@parl.gc.ca ; Toews.V@parl.gc.ca ; Verner.J@parl.gc.ca ; volpej1@parl.gc.ca ; warkentin.c@parl.gc.ca ; Yelich.L@parl.gc.ca ; zedp@parl.gc.ca ; letters@cbc.ca ; news@ctv.ca ; newsroom@herald.ca ; newsdesk@lfpress.com ; submit@theherald.canwest.com ; letters@thegazette.canwest.com ; localnews@tc.canwest.com ; sunnewstips@png.canwest.com ; city@thejournal.canwest.com ; globalnews.reg@globaltv.ca ; mmarshall@leaderpost.canwest.com ; tabtips@png.canwest.com ; sanderson@thecitizen.canwest.com ; newsroom@canadianchristianity.com ; ministre@finances.gouv.qc.ca ; ministre@justice.gouv.qc.ca ; Letters@globeandmail.com
Subject: : Bell
I have received today your illegal, unsigned Bell  letter to me dated July 24, 2008  Subject account Number 48180409 COLLECTION AGENCY ACTION PENDING 
  
 Unless you in  full and adequately answer all of my past 300 letters of complaint to you, you are again warned any other further actions by Bell  towards me will be taken as personal harassment of me, and they not only will be fully exposed to all on the net too, but  I will call the police, the RCMP as well and rightfully have  you charged with harassment.
 
Paul Kambulow
Bell continues to cheat, lie, steal, abuse..
     
50 Cent Files Taco Bell Lawsuit
Artistdirect.com, CA – 25 Jul 2008
50 Cent’s legal team has filed a lawsuit against Taco Bell, saying he never agreed to endorse their value menu. In a recent commercial, the company suggests …
50 Cent says Taco Bell stole his endorsement Reuters
UPDATE: Rapper 50 Cent Sues Taco Bell Over Name-Change Letter CNNMoney.com
50 Cent sues Taco Bell over ad campaign The Associated Press
E! Online – MTV.com
all 669 news articles »
 
Posted on the net too.
 related posts:
Class action suit filed against Bell, Telus for new texting fees
CBC.ca, Canada – 23 hours ago
Eric Cormier, who has subscribed to Bell Mobility for the past decade, says by introducing the new fees, the companies have changed the terms of their cellular contracts.”This was something that was free up until then and the problem for the consumers is that they cannot re-negotiate the contract,” said lawyer Noel Saint-Pierre.

“What we’re trying to get the court to say is that for the duration of a contract … the telephone company should not be able to unilaterally modify the conditions of the contract.” as e-mail and MMS continue to gain popularity among phone users, undoubtedly resulting in increased revenues for carriers, Bell and Telus decide to nickel and dime the occassional users.