Nortel to sell GSM business

TORONTO – Nortel Networks’ global system for mobile communications (GSM) business, the popular wireless technology standard for mobile phones, is the next business on the auction block. The company has filed… Continue Reading

CKX-TV to close as buyer walks away

BRANDON – The final newscast of CKX-TV Brandon will happen tomorrow at 6 p.m., station owner CTVglobemedia told staff Thursday evening. Thirty-nine employees will lose their jobs. The company that… Continue Reading

APTN HD launches on Citywest

WINNIPEG – APTN HD is now available to Citywest cable subscribers in the cities Terrace and Prince Rupert, B.C. APTN HD, which launched April 8, 2008, offers much of the… Continue Reading

Rogers launches Penthouse TV

OTTAWA – Adult specialty channel Penthouse TV will be launching on Rogers Cable next month. Offered by Ten Broadcasting, Penthouse TV features the a selection of choice adult movies from… Continue Reading

NewCap to split stock 3 to 1

DARTMOUTH, NS – Radio broadcaster Newfoundland Capital Corporation will ask its shareholders to approve a three for one stock split. NewCap has scheduled a meeting on November 13, 2009 at… Continue Reading

MTS Allstream strengthens presence in Quebec

TORONTO – MTS Allstream has bought Montreal-based VisionIP Technologies Inc. to help bolster its unified communications solutions delivery and service capabilities in Quebec. Financial terms of the acquisition… Continue Reading

Shaw offering $1.25B in senior notes

CALGARY – Shaw Communications has announced a senior note offering of $1.25 billion which it says will be used to repay debt, and could be used for “potential acquisitions”. The… Continue Reading