Communications giant BCE Inc. announced October 11th that it was ending its holding company operations and converting Bell Canada into an income trust. Michael Sabia, CEO of BCE and Bell Canada, said the move confirmed the company's strategic direction. (Jim Flaherty's Halloween announcement on income trusts left BCE considering its options. But CEO Michael Sabia said the holding company structure would be replaced by a streamlined Bell Canada regardless of the income trust ruling.)

Date: 2006-10-11
Placeline: MONTREAL, Quebec.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << to return to our route and to stay there to attend the fire focus on Bell and then finish the job of the company has a pure Communications business providing integrated Services across the breadth of our platforms to all of our customers >>

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