Ontario Teachers’ Pension Plan leads a private equity-group that has won control of BCE. They are paying a premium of $42.75. So why would someone pay a premium on a stock that has been treading water for the past several years?
The same reason that Google has an estimated 40 to 70 data centers filled with computing and storage power and is proposing to pay $ 4.6 billion dollars to create their own wireless network.
It’s all about the pipes.
In the National Post, Peter Nowak, gives us a perceptive vision of why Google would need so much hardware. Peter envisions Google moving into the telecom space in the not too distant future. I suspect Google is moving to a full blown mobile phone supported by advertising.
Read our article on Google AdSense for advice on taking advantage of Google’s ad programs.