Sabia should push the BCE yard sale before it's too late
11th Jan 2006, 18:07 GMT
''How do I define successful?'' Michael Sabia asked in a speech to investors 13 months ago. ''I define it by the company that balances best growth and profitability.'' BCE shareholders have a different view. They define ''successful'' as having an investment that goes up in value, rather than one that just sits there, as though tied to a piano. Nothing is working, not even the flurry of recent deals, which ended three years of paralysis. BCE has agreed to sell its shares in CGI and most of its stake in Bell Globemedia (which owns this newspaper, the CTV network and related websites). Within weeks it may announce a new income trust to hold hundreds of thousands of rural phone lines. (INSIDER Edition subscribers only)
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