Court Approvals Received in Rogers Acquisition of Call-Net
30 Juin 2005 - 5:59PM
PR Newswire (US)
Court Approvals Received in Rogers Acquisition of Call-Net TORONTO,
June 30 /PRNewswire-FirstCall/ -- Rogers Communications Inc.
("RCI") announced today that it has been advised by Call-Net
Enterprises Inc. ("Call-Net") that Call-Net has received the final
order from the Ontario Superior Court of Justice relating to the
plan of arrangement through which RCI will acquire all of the
outstanding common shares and class B non-voting shares of Call-Net
on the basis of one RCI class B non-voting share for every 4.25
Call-Net shares. The acquisition of Call-Net by RCI is expected to
become effective tomorrow, July 1, 2005. Cautionary Statement
Regarding Forward Looking Information: This news release includes
certain forward looking statements that involve risks and
uncertainties. We caution that actual future events will be
affected by a number of factors, many of which are beyond our
control, and therefore may vary substantially from what we
currently foresee. These forward-looking statements include, among
others, statements with respect to our objectives, and strategies
to achieve those objectives, as well as statements with respect to
our beliefs, plans, expectations, anticipations, estimates or
intentions and are based on current expectations. We caution that
all forward-looking information is inherently uncertain and actual
results may differ materially from the assumptions, estimates or
expectations reflected or contained in the forward-looking
information, and that actual future performance will be affected by
a number of factors, many of which are beyond our control,
including but not limited to the ability of the companies to close
the transaction and integrate the acquired operations, economic
conditions, technological change, regulatory change and competitive
factors. We are under no obligation to (and expressly disclaim any
such obligation to) update or alter any forward looking statements
whether as a result of new information, future events or otherwise.
Important additional information identifying risks and
uncertainties is contained in our most recent annual and interim
reports and forms filed with the applicable Canadian securities
regulatory authorities and the U.S. Securities and Exchange
Commission. About the Companies: Call-Net Enterprises Inc. (TSX:
FON, FON.NV.B), primarily through its wholly owned subsidiary
Sprint Canada Inc., is a leading Canadian integrated communications
solutions provider of home phone, wireless, long distance and IP
services to households, and local, long distance, toll free,
enhanced voice, data and IP services to businesses across Canada.
Call-Net, headquartered in Toronto, owns and operates an extensive
national fibre network, has over 151 co-locations in five major
urban areas including 33 municipalities and maintains network
facilities in the U.S. and the U.K. For more information, visit
http://www.callnet.ca/ and http://www.sprint.ca/. Rogers
Communications (TSX: RCI; NYSE: RG) is a diversified Canadian
communications and media company engaged in three primary lines of
business. Rogers Wireless is Canada's largest wireless voice and
data communications services provider and the country's only
carrier operating on the world standard GSM/GPRS technology
platform; Rogers Cable is Canada's largest cable television
provider offering cable television, high-speed Internet access and
video retailing; and Rogers Media is Canada's premier collection of
category leading media assets with businesses in radio, television
broadcasting, television shopping, publishing and sports
entertainment. For further information about the Rogers group of
companies, please visit http://www.rogers.com/. DATASOURCE: Rogers
Communications Inc. CONTACT: (Investment Community): Bruce M. Mann,
(416) 935-3532, ; Eric A. Wright, (416) 935-3550, ; (Media): Taanta
Gupta, (416) 935-4727, ; Archived images on this organization are
searchable through CNW Photo Archive website at
http://photos.newswire.ca/. Images are free to accredited members
of the media.
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