2016 promises ramped up wireless competition: report

TORONTO – A new fourth player in Canada’s wireless industry combined with increased wireline competition are two factors poised to significantly impact the Canadian telecom industry in 2016, says Canaccord Genuity.An industry overview released Wednesday by analyst Aravinda Galappatthige says that company is taking “a more cautious stance” as it considers this year’s outlook for the telecom stocks, particularly when it comes to the big three incumbents BCE, Telus and Rogers. Galappatthige predicts that wireless competition will heat up as a “resurgent Rogers Wireless” continues to aggressively add wireless net additions, and as regional player Videotron Wireless advances towards its long-term...