Bell Buys All 750 Source Stores
Posted March 2, 2009 12:00 pm.
This article is more than 5 years old.
Canada’s largest telecommunications company just got a lot bigger.
Bell Canada has purchased all Source by Circuit City electronics stores — 750 in total, for an undisclosed sum.
And while that number hasn’t been released, Bell admits the purchase will be far less than the $335 million paid by Circuit City in 2004 when they acquired the retail chain.
The “acquisition supports Bell’s strategic imperatives to accelerate wireless and leverage momentum in wireline services like Bell TV, Bell Internet and Bell Home Phone,” said Bell president and CEO George Cope in a release.
“Expanding the number of places people can buy Bell products is a core element in the execution of Bell’s strategy to achieve our goal — to be recognized by customers as Canada’s leading communications company.”
