On October 8, 2002, AT&T Corp. completed the acquisition of all of the publicly-traded shares of AT&T Canada Inc. it did not already hold. The transaction, in which the shares were acquired by each of AT&T Corp. and wholly-owned subsidiaries of Brascan Inc. and CIBC Capital Partners, represented the fulfilment of AT&T Corp.'s "back-end" obligation pursuant to deposit receipt arrangements made at the time of AT&T's 1999 acquisition of MetroNet Communications Corp.

AT&T Corp. was represented by Fasken Martineau with the team of Barbara Miller, Douglas Cannon (tax), Ralph Glass, Angela Di Padova (competition), Mitchell Thaw (tax) and Gina Croce (transactions clerk). Important advice in other practice areas was provided by Robert Harrison (litigation), Donald Milner and Edmond Lamek (restructuring). Also providing assistance on various related matters were Tony Baldanza, Bruce Blain, Lynne Golding, Roxanne McCormick and Ted Purdy.