Friday, December 05, 2003
Aliant announces FCC approval obtained for disposition of Stratos Global shares
Aliant Inc. announced today that United States Federal Communications Commission (FCC) has granted approval to permit the transfer of common shares of Stratos Global Corporation to holders of Aliant’s Subscription Receipts. Aliant also announced that the State approvals required in order to permit the transfer have been granted. Aliant will be taking the steps necessary to complete the sale and intends to announce next week the date on which the final instalment is required to be paid.
Aliant Inc. (TSX: AIT), a multi-faceted communications company, is an acknowledged leader in the provision of a wide variety of traditional and innovative communications services, focused primarily on its home market of Atlantic Canada. From its offices in New Brunswick, Newfoundland & Labrador, Nova Scotia and Prince Edward Island, Aliant offers a full range of services, including local and long-distance telephone, wireless, Internet, e-commerce, interactive multimedia, data and managed network services to more than two million consumers and over 80,000 enterprises. Aliant complements its industry-leading telecommunications business with strengths in advanced systems and technology solutions and also knowledge-services applications. Aliant is a TSX 100 company with a market capitalization of approximately $4 billion. More information about Aliant may be found by visiting www.aliant.ca