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Aliant Selling Stratos Stake for C$339.8M

By | September 22, 2003

      Aliant [TSX: AIT], a Saint John, New Brunswick-based telco, has agreed to sell its 53.2 percent ownership interest in Stratos Global [TSX: SGB], a Bethesda, Md.-bases satellite communications company, for C$339.8 million (US$252.2 million) to a syndicate of underwriters led by RBC Capital Markets. The transaction is conditional upon regulatory approvals in Canada and the United States.

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