Cable & Telecom

Line loss hits telcos hard

OTTAWA – A three percent loss in the number of traditional residential phone customers served caused an overall 2.2% loss in revenue among incumbent telephone companies in the third quarter of 2005, Statistics Canada reported Monday. "New technology, competition and changing consumer habits are contributing to the gradual transformation of telecommunication services industries and markets, and this transformation is becoming increasingly evident in the local residential telephony market," says the report. There were 12.2 million traditional residential telephone lines at the end of the third quarter of 2005, down 3% from the same period in 2004. "This was the largest...