Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2002-03-20
Length: 27 pages
Data source: Field research
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Abstract
The treasurer of Bell Canada was evaluating several financing alternatives for raising $200 million in a contemplated offering. Implicit in this decision were the considerations of what target capital structure would be appropriate to insulate Bell Canada''s operating mandate from capital market conditions and what financial objectives would be the most consistent with achieving the chosen target. Extraordinary advances in technology, increased levels of competition, changes in the regulatory environment and rising expectations of customers were all working to reshape the telecommunications industry.
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Abstract
The treasurer of Bell Canada was evaluating several financing alternatives for raising $200 million in a contemplated offering. Implicit in this decision were the considerations of what target capital structure would be appropriate to insulate Bell Canada''s operating mandate from capital market conditions and what financial objectives would be the most consistent with achieving the chosen target. Extraordinary advances in technology, increased levels of competition, changes in the regulatory environment and rising expectations of customers were all working to reshape the telecommunications industry.