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Ott_Cable

@teksavvy.com
reply to HeadSpinning

Re: Wind Mobile wants CRTC hearing over Telus ownership

Why would a publicly traded company need to be secretive about its ownership and control structure?


HeadSpinning
MNSi Internet

join:2005-05-29
Windsor, ON
kudos:5

Good question. Why does Bell seem to think it necessary to conduct these hearings in private?
--
MNSi Internet - »www.mnsi.net



elwoodblues
Elwood Blues
Premium
join:2006-08-30
Somewhere in
kudos:2
Reviews:
·VMedia

1 edit
reply to Ott_Cable

said by Ott_Cable :

Why would a publicly traded company need to be secretive about its ownership and control structure?

Because they aren't supposed to own it?
It's off the books, hidden in some obscure US holding company, which is the mistake they made, they bought too much.

MaynardKrebs
Heave Steve, for the good of the country
Premium
join:2009-06-17
kudos:4

said by elwoodblues:

said by Ott_Cable :

Why would a publicly traded company need to be secretive about its ownership and control structure?

Because they aren't supposed to own it?
It's off the books, hidden in some obscure US holding company, which is the mistake they made, they bought too much.

Without knowing any details, ... IF the alleged rumour about Bell owning some of Telus either directly, via an affiliated company(ies), or perhaps even via the Bell pension fund totals more than some number, it might be that Bell could be afoul of securities laws - in effect conducting an undisclosed takeover. Again this is hypothetical.

Hypothetically, I wonder what the remedy to that would be since they'd be prohibited from actually taking Telus over.......... maybe they'd have to pay each Telus shareholder a premium (in cash) but not actually take ownership of their shares, and then Bell might be forced to sell their own stake in Telus. In other words, billions out the door for ownership of absolutely nothing.

But all this is hypothetical as there is no clear understanding of exactly what Bell's (subsidiaries & affiiliates included) position vis-a-vis Telus actually is.

Vomio

join:2008-04-01
Reviews:
·odynet

With the joint development of their newfangled cellular network, I would imagine that various opportunities for cross financing of components might have occurred, possibly mutually beneficial.

It might be possible that they have slid into each other's embrace without that being the intent.

Kinda like waking up in a strange bed after a lost night of heavy drinking.



yikes

@videotron.ca

said by Vomio:

Kinda like waking up in a strange bed after a lost night of heavy drinking.

It was all fun and games... till that fateful night when Telnet_Bill rolled over and said, "Rocky? That you"?

MaynardKrebs
Heave Steve, for the good of the country
Premium
join:2009-06-17
kudos:4
reply to Vomio

said by Vomio:

Kinda like waking up in a strange bed after a lost night of heavy drinking.

Not that there's anything wrong with that.