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4.7 Severance, acquisition and other costs

4.7 Severance, acquisition and other costs

This category includes various income and expenses that are not related directly to the operating revenues generated during the year.

Severance, acquisition and other costs included:

  • Severance costs related to workforce reduction initiatives of $79 million
  • Acquisition and other costs of $111 million, which included transaction costs, such as legal and financial advisory fees, related to completed or potential acquisitions, severance and integration costs as well as a loss on transfer of spectrum licences to Xplornet Communications Inc. related to the MTS acquisition

Severance, acquisition and other costs included:

  • Severance costs related to workforce reduction initiatives of $87 million
  • Acquisition and other costs of $48 million, which included transaction costs, such as legal and financial advisory fees, related to completed or potential acquisitions, as well as severance and integration costs relating to the privatization of Bell Aliant
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