Skip to main content | Go to site map | Read our accessibility commitment

News releases

Aliant Inc. increases ownership of Stratos Global

    ST. JOHN'S, NF, Jan. 4 /CNW/ - Aliant Inc. (TSE:AIT) announced today that
it has acquired an additional 209,440 common shares of Stratos Global
Corporation (TSE:SGB).
    Aliant acquired the shares from Paul Antle of St. John's, Newfoundland
pursuant to a Share Purchase Agreement between Mr. Antle and the former NewTel
Enterprises Limited, dated December 8, 1998. The consideration paid to Mr.
Antle for the 209,440 common shares was 30,165 Aliant common shares. NewTel
Enterprises had previously acquired 624,505 Stratos Global common shares from
Mr. Antle in December of 1998 pursuant to the same agreement.
    With the purchase of the additional 209,440 common shares, Aliant Inc.,
as the successor of NewTel Enterprises Limited, owns a total of 15,028,524
Stratos Global common shares, representing 65.4% of the Stratos Global common
shares currently issued and outstanding.
    Stratos Global Corporation is a multi-network, international mobile
satellite service provider offering communications solutions from a range of
newly emerging and established technologies. Stratos' customer offering
includes the latest handheld satellite phones and pagers, a full range of
Inmarsat products and global services, as well as cost-effective regional
MarineSat/LandSat solutions. Stratos serves a variety of diverse markets
including international business travelers, merchant, navy, cruise and
yachting vessels, general aviation, fishing, oil and gas industries, natural
resource exploration companies, humanitarian aid organizations, journalists,
UN peacekeeping operations, government agencies such as military, fisheries
enforcement, Coast Guard and Emergency Measures. Further information is
available on Stratos' website at
    The Aliant group of advanced technology companies and its staff of 9,000
professionals delivers full service, integrated solutions through its four
core lines of business: wireline and wireless telecommunications, information
technology, mobile satellite services, and emerging business solutions. From
its base in Atlantic Canada, Aliant serves consumer and business customers in
worldwide markets.

    This news release may also be found on Aliant's Web site at


For further information: PLEASE CONTACT: Media Inquiries (English): 
Jennifer Dicks, Director Communications, 1-877-2-ALIANT, (1-877-225-4268); 
Media Inquiries (French): Robyn Tingley, Manager Public Affairs, 
1-506-694-6445, 1-800 267-2057; Investor Inquiries: Doug McDade, Director 
Investor Relations, 1-877-AIT-3113, (1-877-248-3113)

SOURCE Telephone / Wireline

Back to search results
­ ­