Cable / Telecom News

Competitors take bigger bite out of telco revenues and customers


OTTAWA-GATINEAU – Competition continues to grow for Canadian companies in the telecommunications industry, the CRTC says in its 2007 telecom monitoring report. Total revenues for the industry as a whole grew in 2006 by 4.5% to $36.1 billion, while EBITDA rose 5.3% to $13.1 billion. But the big story is the continuing bite that competitors are taking out of the traditional telcos’ business. Competitors grabbed an additional 3% market share, rising to 38% of total revenues in 2006, the report says. Competitors’ revenues rose 12% from the year before to $13.7 billion, mainly because of cablecos recording an impressive 17%...