TORONTO – With outgoing Wind Canada CEO Tony Lacavera having told Cartt.ca that he loves auction rules set by Industry Canada because it shows the federal government is committed to seeing a fourth national wireless player emerge strongly, Bay Street is now wondering if Lacavera’s former backer, Egyptian billionaire Naguib Sawiris, will risk diving deeper into the Canadian wireless market.
Scotia Capital analyst Jeff Fan wrote in a research note to clients last week that there are numerous reasons not to invest in the Canadian wireless market, yet…
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OTTAWA – The CRTC said today it has received an application from South Fraser Broadcasting Inc. for a licence to operate an English-language radio station in Surrey, B.C. As is Commission policy, and given the scarcity of FM frequencies in the Vancouver radio market, the Regulator is calling for applications from other parties wishing to obtain a radio licence to serve this area.
The Vancouver radio market generated $120.8 million in revenues in 2011, according to a Commission report.
BBM, in its March 2013 report, lists 19 stations which measured in ratings in the…
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GATINEAU – Wireless industry stakeholders are still at loggerheads over a number of issues pertaining to a wireless code of conduct. They include three-year contracts, the co-existence of the code with provincial consumer protection legislation and notifications of data and fee caps, among others.
On these matters, the Big Three – Bell Canada, Rogers Communications and Telus – remain united. They all agree that banning three-year contracts as has been suggested by some consumer advocates and the new entrants isn’t necessary given the clear language on earlier termination fees (ETF).
The ETF formula, in conjunction with the unlocking and cancelation policies,…
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OTTAWA – Rural and remote broadband was back on the agenda at the Parliamentary Industry committee this week.
The Federation of Canadian Municipalities (FCM) used its appearance to call on the federal government to take the next step in ensuring that Canadian consumers and businesses in rural and northern communities have access to the same networks and broadband speeds as those in urban regions of the country.
Daniel Rubinstein, a policy analyst at the FCM, told the House of Commons Standing Committee on Industry, Science and Technology on March 19 that while programs such as Broadband Canada: Connecting Rural Canadians has…
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MONTREAL – Bell Canada announced yesterday a new public offering of $1 billion of medium term debentures that it says will be used to fund some of the cost of its parent company’s pending acquisition of Astral Media.
The 3.35% debentures, Series M-26, will be dated March 22, 2013 and will mature on March 22, 2023. At an issue price of $99.831 per $100 principal amount for a yield to the investor of 3.370% per annum compounded semi-annually, they will be fully and unconditionally guaranteed by BCE Inc., Bell Canada’s parent.
The company says the net…
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OTTAWA – After more than four years of fielding complaints about unsolicited phone calls, the CRTC has decided to call a proceeding to review its practices about how to more effectively reduce the number of unwanted phone calls.
The Commission is looking for input from consumers, telemarketers, and other interested parties on how to make its Unsolicited Telecommunications Rules (UTR) more effective in reducing the number of unwanted telemarketing calls. At the same time, it is looking to facilitate more effective communications between organizations and consumers.
To develop its rules and enforcement practices in…
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TORONTO – Corus Entertainment Inc. has received clearance from the Competition Bureau to proceed with its acquisition of the remaining ownership interest of Teletoon, as well as French-language specialty Historia and Séries+.
Corus will acquire the 50% remaining ownership interest in Teletoon, which includes Télétoon (French), Teletoon and Télétoon Retro and Cartoon Network, as well as the 50% ownership interests in the French-language specialty channels, Historia and Séries+, that Bell will acquire as part of the acquisition of Astral Media Inc., which was also recently approved by the Competition Bureau.
Corus…
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OTTAWA – Six telco service providers have been ordered to appear before the CRTC at a show cause proceeding for failing to become members of the Commissioner for Complaints for Telecommunications Services Inc. (CCTS).
The CCTS informed the Commission that several companies had failed to become CCTS members which, under the Telecommunications Act, is compulsory for any telecomunications provider that has been informed by the CCTS of a complaint that falls within the scope of its mandate. Companies are required to join CCTS within five days of having been notified of the complaint.
The…
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OTTAWA – In a decision announced Friday, the CRTC ordered that Corus-owned OWN Inc. must comply with the educational mandate of its original licensing conditions or risk losing its license.
The Commission issued a mandatory order, stating OWN must fulfill its mandate to “provide formal and informal educational programming and learning opportunities that generally focus on adult education and that come from a full spectrum of basic, credit-based, skills-related and life-enhancing programs.”
The CRTC found the channel to be in non-compliance in July 2011, just months after Corus rebranded the channel from Viva to…
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TORONTO – While the owners of Wind have announced control and executive changes they want to make, without Industry Canada approval of those shifts, someone still has to be at the wheel – and for now, it is a re-energized Tony Lacavera.
Lacavera, the normally ebullient driving force behind Wind in Canada, was seen by many over the last number of months to be the odd man out and in some of his public appearances, he seemed, well, glum. Plus, Wind’s primary financial backer, Egyptian wireless company Orascom (a part of the massive VimpelCom empire), has…
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