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COPYRIGHT 2004 Crain Communications, Inc.
Byline: DAN MEYER
Rogers Wireless Communications Inc.'s $1.1 billion agreement to acquire Microcell Telecommunications Inc., Canada's smallest wireless operator, could propel Rogers Wireless past Bell Mobility as the nation's largest wireless operator with approximately 5.1 million total subscribers.
The deal also trumps a long-standing unsolicited $800 million offer from rival Telus Corp., which was initiated in May and has been extended numerous times since. Microcell's management repeatedly encouraged its shareholders to refuse Telus' offer in an attempt to gain maximum value for the carrier, which emerged from bankruptcy protection last year.
"We believe that this transaction constitutes an attractive opportunity for our customers and shareholders alike,'' said Andre Tremblay, president and...
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