Yesterday's announcement by Bell and Aliant to create an income trust combining elements of their businesses represents the latest move within the industry to cope with growing competition and the impact of technology on the industry. The Trust combines the land-line business of Aliant with that of Bell in rural Ontario. Ultimately it will be renamed as a Bell company, with the service presumably integrated under the Bell infrastructure. Most likely that will mean a loss of jobs for Atlantic Canada, in the land-line end of the business. It may create opportunities in the wireless end of the business, which is what Aliant is left with. However, that remains to be seen, as the wireless business is extremely competitive and competition is heating up. The telecommunications industry is the latest of the old mainstream industries to face drastic re-engineering as a result of the growth of e-business and the impact of new technologies. There will be more to come. globeandmail.com : BCE's Aliant trust spinoff valued at $8.5B