BCE Inc T.BCE

Alternate Symbol(s): BCE | T.BCE.PR.A | BCPPF | T.BCE.PR.B | T.BCE.PR.C | BCEPF | T.BCE.PR.D | T.BCE.PR.E | BCAEF | T.BCE.PR.F | T.BCE.PR.G | BECEF | T.BCE.PR.H | T.BCE.PR.I | T.BCE.PR.J | T.BCE.PR.K | BCEXF | T.BCE.PR.M | T.BCE.PR.N | T.BCE.PR.Q | T.BCE.PR.R | BCEIF | T.BCE.PR.S | T.BCE.PR.T | T.BCE.PR.Y | BCEFF | T.BCE.PR.Z | T.BCE.PR.L

Communication Services Telecom Services

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and voice plans and devices and are available nationally. Its wireline products and services comprise data (including Internet access, Internet protocol television (IPTV), cloud-based services and business solutions), voice, and other communication services and products, which are available to its residential, small and medium-sized businesses and large enterprises customers primarily in Ontario, Quebec, the Atlantic provinces and Manitoba. This segment includes its wholesale business, which buys and sells local telephone, long-distance, data, and other services from or to resellers and other carriers.

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BCE Inc

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Post by robhenryon Nov 15, 2008 9:40am

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Post# 15588458

A few facts maybe of interest

[edit]History

The OTPP was established on the date of December 31, 1989. Prior to this, Ontario teachers' pensions had been sponsored solely by the Ontario government. Assets of the plan had been invested in government bonds only.

[edit]Organization

Today, the OTPP administers the pensions for some 167,000 teachers, principals, and school administrators, and pays pensions to some 104,000 retirees.

The last President and Chief Executive Officer, Claude Lamoureux, had served in that capacity since OTPP's founding. Lamoureux retired on December 1, 2007 and was succeeded by Senior Vice President of Private Equity (aka Teacher's Merchant Bank), Jim Leech. The Chair of the Board is Eileen Mercier.

[edit]Finances

The Ontario Teachers' Pension Plan is one of Canada's largest institutional investors having reported $108 billion in net assets on December, 31, 2007.[1] It has an excellent track record for investment performance with an average annual return of 11.8% since it began investing in capital markets in 1990. It is the largest single-profession pension plan in Canada. Despite strong investment performance, the pension plan has experienced shortfalls in recent years, requiring contribution increases for working teachers. The plan reported a $12.7 billion funding shortfall as of April 1, 2008 in its most recent annual report.[2]

[edit]Ownership

The OTPP maintains a prominent role as one of Canada's largest investors, owning investments across Canada. Through its fully owned subsidiary Cadillac Fairview, the OTPP owns properties including the Toronto-Dominion Centre, Toronto Eaton Centre, and the Rideau Centre in Ottawa. Through its investment arm, Teachers' Private Capital, the OTPP owns or has interests in companies such as Bell Canada (BCE), Samsonite, Maple Leaf Sports & Entertainment, Maple Leaf Foods, Parmalat Canada, Doane Pet Care, Shoppers Drug Mart, and Worldspan. In 2006 it acquired a 20% stake in CTVglobemedia.[3] In July 2007 Teachers' led a group to take over Canadian telecommunications giant BCE Inc. (Bell Canada) private. The C$35.1 billion deal (C$51.7 billion including assumed debt) would be the biggest leveraged buyout in global history, according to Thomson Financial.[4]