Bell Canada, commonly shortened to "Bell", is a major Canadian telecommunications company. Including its subsidiaries such as Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for telephone services in most of Canada east of Manitoba and in the northern territories, and a leading competitive local exchange carrier (CLEC) in the western provinces. In a majority of its service territory, Bell Canada's principal competition is Rogers Communications. Bell Canada currently services over 13 million phone lines. It is headquartered in Verdun, Montreal, Quebec. Bell Canada is the main remaining asset of BCE Inc. (TSX: BCE, NYSE: BCE), also known as Bell Canada Enterprises, a former conglomerate operating in a variety of businesses. BCE ranks number 224 on the Forbes Global 2000 list (2008 edition). In 2007, BCE accepted a purchase offer from a group led by the Ontario Teachers' Pension Plan, but in the wake of the 2008 economic crisis, the resulting corporate structure (including the debt load that would have been assumed) was deemed to not meet necessary solvency criteria, and the takeover was cancelled.