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January 22, 1997updated 05 Sep 2016 12:58pm

BELL CANADA SELLS MERCURY STAKE TO C&W FOR $235M

By CBR Staff Writer

Bell Canada International Inc says it has now completed the sale of a 5.17% interest in Mercury Communications Ltd to Cable & Wireless Plc for about $235m as part of the series of transactions that are to lead to the formation of the new Cable & Wireless Communications Plc. Shareholders of this will include Cable & Wireless with 52.6%; Nynex Corp with 18.5%, and Bell Canada International, 14.2%.

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