Call-Net Shareholders Approve Acquisition by Rogers
29 Juni 2005 - 6:19PM
PR Newswire (US)
Call-Net Shareholders Approve Acquisition by Rogers TORONTO, June
29 /PRNewswire-FirstCall/ -- Rogers Communications Inc. ("RCI")
announced today that it has been advised by Call-Net Enterprises
Inc. ("Call-Net") that the shareholders of Call-Net have voted
overwhelmingly to approve the acquisition of all of Call-Net's
outstanding shares by RCI pursuant to a plan of arrangement, which
was announced on May 11, 2005. Under the arrangement, Call-Net
common and class B shareholders will receive one RCI class B non
voting share for every 4.25 Call-Net shares they hold. Final
approval for the arrangement is being sought from the Ontario
Superior Court of Justice tomorrow, June 30, 2005. Subject to court
approval, the arrangement is expected to become effective on July
1, 2005 at which point Call-Net will become a fully owned
subsidiary of RCI. 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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