| Valuable airwaves head for auction
WASHINGTON -- There's about to be a land rush in telecommunications as the U.S. government auctions the only remaining airwaves suitable for nationwide, high-speed wireless Web access. Big telephone and cable companies are jostling alongside Internet and technology entrepreneurs to control the spectrum, estimated to be worth as much as $30 billion. "It's the biggest chunk of spectrum to come back into the public administration in a generation and it's by far the most valuable piece," said Ben Scott, policy director at Free Press, a Washington-based nonprofit focused on communications policy. And it's a hot topic in Washington: House Energy and Commerce Committee Chairman John Dingell, a Michigan Democrat, will explore the issues in a hearing Thursday, and the Federal Communications Commission, hoping to schedule the auction this fall, may vote on rules as early as Wednesday, April 25.
BCE bidding war looms
MONTREAL - BCE Inc. has put itself into play, sparking a potential bidding war among Canada's top pension funds for Canada's largest telephone company. BCE, the parent of Bell Canada, said yesterday it had entered into talks with a group that includes Canada Pension Plan Investment Board (CPP), Caisse de depot et placement du Quebec, Public Sector Pension Investment Board and U.S. privateequity firm Kohlberg Kravis Roberts &Co. about a possible buyout. "This is an expression of intent, and we are heading into a period of due diligence," said Ian Dale, a CPP spokesman. .
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Tazara barred from re-tendered bids
THE High Court's Land Division has restrained the Tanzania-Zambia Railways Authority (TAZARA), its agents or assignees, from opening the re-tendered bids scheduled for today concerning sale of a semi-developed estate of 6.4 acres valued at over 3bn/-.
Judge Stella Longway gave the order last Friday in favour of Ocean View Apartments Limited (applicant) in respect of the Tazara Estate property No. 3, pending determination of an application for temporary injunction set for hearing on June 11, this year.
A counsel from Law Associates (Advocates), Mr Rosan Mbwambo, for the applicant, filed the application the same day under certificate of urgency. A Tazara (respondent) had set to open the bids today for the estate located near SabaSaba Grounds at Kurasini area.
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