Bell agreed to purchase GLENTel for millions. Rogers doesn’t want this to happen and retaliated. Rogers’ wireless devices and plans are offered in GLENTEL’s retail outlets, along with Bell, Virgin, Fido, Chatr and SaskTel. In an email to us, Rogers noted that, “We value our relationship with Glentel and they continue to offer our products in their stores. This court case is about protecting our rights – we’re asking the Court to ensure they honour our agreement, which says they required our prior consent to a change in ownership.”
GLENTEL responded by stating, “Rogers has the right to remove their products from our Canadian stores if they choose or to terminate its agreement with us, but has no right under its agreement to block the acquisition of GLENTEL, which operates in Canada, the United States, Australia and the Philippines. Rogers’ claim is without merit and we will certainly defend against it.”
In what can be called a spectacular turn of events, possibly a holiday miracle, Rogers decided to withdraw the injunction and form a joint venture for the Canadian retail arm of GLENTEL. The joint venture will take place “once the pending acquisition of GLENTEL by BCE is completed,” which is pegged to close Q1 2015.
In the release, Rogers said that this “agreement makes it easy for customers to continue to shop for Rogers products and services in their community.”
Rogers and Bell have formed a number of partnerships in the past, most notably joining together to control Maple Leaf Sports & Entertainment (MLSE).
[source] CNW [/source]
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