Sad news: Telus' offer to buy Fido

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Lawrence Kwan - 14 May 2004 01:05 GMT

http://biz.yahoo.com/rc/040513/telecoms_microcell_telus_3.html

Will this be the end of Fido? :-(

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--Lawrence Kwan-lawrence@vex.net- http://www.vex.net/~lawrence --
--Tungsten T3 Enhanced DIA Keyboard----Nokia Ringtone Convertor--

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repatch - 14 May 2004 01:15 GMT

Wow, that's a surprise, what is Telus thinking? I don't really see what Fido
would add to Telus, other then subscribers.

I wonder if it'll go through. TTYL

> http://biz.yahoo.com/rc/040513/telecoms_microcell_telus_3.html
>
> Will this be the end of Fido? :-(

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Cat Luvr - 14 May 2004 03:22 GMT

It will definitely go through - Fido is currently owned by banks who
want to walk away with some kind of profit.

It'll just be sad for Fido's Montreal employees who will probably all
lose their jobs within the next year (except perhaps for the call centre
employees).

> Wow, that's a surprise, what is Telus thinking? I don't really see what Fido
> would add to Telus, other then subscribers.
[quoted text clipped - 4 lines]
>>
>>Will this be the end of Fido? :-(

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MaRkiE ShOoTs - 14 May 2004 03:32 GMT

Buy Some Telus stock while its still cheap!!!

> It will definitely go through - Fido is currently owned by banks who
> want to walk away with some kind of profit.
[quoted text clipped - 11 lines]
> >>
> >>Will this be the end of Fido? :-(

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repatch - 14 May 2004 03:36 GMT

It's not up to the banks alone I believe, there is the government to deal
with as well, I believe.

Also, Telus already had a "problem" with having too much spectrum in some
areas, they'll have to dump even MORE spectrum!

And are they going to dump the GSM network? Maybe rent it out to Rogers?
What about the Microcell resellers? Lots of questions, I guess time will
tell, makes me even happier I moved away from Fido. TTYL

> It will definitely go through - Fido is currently owned by banks who
> want to walk away with some kind of profit.
[quoted text clipped - 11 lines]
> >>
> >>Will this be the end of Fido? :-(

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Deep - 14 May 2004 04:54 GMT

Doesn't mean anything... The government will have a say... Some say we are a
three carrier society, meaning we cannot sustain 4, so we'll have to wait
and see what happens. I wonder what kind of poison pill Microcell will take
to halt this?

Deep

> It will definitely go through - Fido is currently owned by banks who
> want to walk away with some kind of profit.
[quoted text clipped - 15 lines]
> >>--Lawrence Kwan-lawrence@vex.net- http://www.vex.net/~lawrence --
> >>--Tungsten T3 Enhanced DIA Keyboard----Nokia Ringtone Convertor--

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mistaroboto - 14 May 2004 21:36 GMT

> Doesn't mean anything... The government will have a say... Some say we are a
> three carrier society, meaning we cannot sustain 4, so we'll have to wait
> and see what happens. I wonder what kind of poison pill Microcell will take
> to halt this?

If you go back and read the circular on the recapitiization Microcell went
through last year you will see there are certain items related to the
company which protects the employees and provide remedies in this type of
situation. I doubt all Microcell employees would lose their employment as
adding 1.2M subscribers onto your network does take additional resources not
currently within the Telus family. Additionally, you may be suprised that at
what finally occurs and which suitor emerges with the prize.

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newsnewsnews - 26 May 2004 09:21 GMT

> It will definitely go through - Fido is currently owned by banks who
> want to walk away with some kind of profit.
>
> It'll just be sad for Fido's Montreal employees who will probably all
> lose their jobs within the next year (except perhaps for the call centre
> employees).

I hope the call centre smucks get canned as well. There is nothing worse
than trying to understand the ramblings of a csr with a thick french accent.
The french are the bane and the embarassment of Canada.

JMR

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