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August 31, 1988

BCE TO ACQUIRE NORTHWESTEL INC

By CBR Staff Writer

Following its agreement to acquire Canadian National’s Terra Nova Telecommunications (CI No 1,000), BCE Inc has also won the other telephone property the state railway company put on the block: it is to pay $Can140m for Northwestel Inc, which serves Yukon Territory, northern British Columbia and the western Northwest Territories, and will also assume $Can56m of debt.

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