Telus announced Thursday it has closed a deal that will see the country’s second-largest pension fund purchase a 49.9-per-cent equity stake in Terrion LP, a company with a portfolio of nearly 3,000 Telus wireless towers.
The deal with La Caisse for $1.26 billion, announced last month, means the telco will be able to reduce its net debt by that amount, which was the intended outcome. The transaction values Terrion at $2.5 billion.
The new company will manage the tower sites across British Columbia, Alberta, Ontario and Quebec and will generate money through wholesale rental. Telus will retain full…
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Rogers claims the telco failed to comply with its ad rules
By Ahmad Hathout
Telus is alleging Rogers is refusing to allow the telco to advertise on the cable company’s valuable media properties in a move it says is harming its ability to compete.
The Part 1 application – dated June 9 but only made public on the CRTC website Tuesday – claims the issues started with Rogers refusing “on extremely short notice” to run two Telus ad campaigns on Rogers’s radio stations in November 2024, despite over 30 years of ad inventory purchases. Those cancellations have allegedly “grown into a blanket…
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Top usage spots since July beta launch have included national and provincial parks
Rogers announced Tuesday it has expanded the coverage of its satellite-to-mobile texting service, Rogers Satellite.
“Now, when connected to Rogers Satellite, customers can send a text to friends when taking the ferry from Newfoundland to Nova Scotia, fishing off Haida Gwaii or crossing James Bay, with the expansion across bodies of water and along waterways off the Canadian coastline,” reads a Rogers press release.
With the expansion of the service, which launched as a beta…
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Bell announced Thursday that the latest Wi-Fi modem is available to subscribers in certain areas.
The Giga Hub 2.0 is now available across major areas of Ontario and select areas of Quebec, “delivering up to four times faster speeds, lower latency and better performance for today’s connected homes,” the telco said in a press release.
“Offering speeds up to four times faster than Wi-Fi 6E, lower latency for gaming, video calls and augmented/virtual reality (AR/VR) experiences and support for up to double the number of simultaneously connected devices, Wi-Fi 7 sets a new standard in home connectivity,” the release said.
“Paired with…
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Blue Ant Media announced Wednesday the appointments of Dervla Kelly as chief marketing and communications officer and Surani Adamesco as chief technology officer.
Their appointments follow the completion of the company’s reverse takeover transaction and listing on the Toronto Stock Exchange.
“Now as a public company, we’re embarking on an ambitious growth strategy to strengthen our position as an international streamer, production studio, and rights-management leader,” Jamie Schouela, chief operating officer of Blue Ant Media, said in a press release. “Dervla and Surani bring exceptional expertise and strategic vision in their respective areas. Their leadership will be key as…
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By Ahmad Hathout
Cogeco and Eastlink are challenging cabinet’s decision not to intervene in the CRTC’s refusal to exclude the three largest telecommunications companies from accessing the internet networks of their competitors.
The basis of the judicial review request is simple: that cabinet, through the recommendation of Industry Minister Melanie Joly, allegedly did not provide the legally required justification for declining their petition to reverse a policy that they say creates an “existential” threat to their businesses.
“Instead of explaining and justifying its decision to sit on the sidelines, the had a Minister send out…
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Rogers announced Thursday it is offering Xfinity customers Netflix, Disney+ and Apple TV+ in one plan for a lower price than if purchased separately.
The cable giant said customers seeking to add the new Rogers Xfinity StreamSaver plan to their internet or TV packages are looking at $22 per month, saving more than 30 per cent compared to the $32 they would spend if they purchased each streaming service separately. The plan is also available as a standalone option and is already included in the Ultimate TV plan.
The savings are based on a before-tax Netflix with ads plan at $8…
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Asian Television Network (ATN), Canada’s largest South Asian broadcaster, announced Wednesday that it initiated a strategic review that could see the company partially or wholly sold off.
The broadcaster, which has 54 specialty television channels, said the review will explore a “range of transactions” with no guarantee that there will be any such deal at the end of the review.
The company is enlisting Toronto-based Blair Franklin Capital Partners as its financial advisor to explore its options. In the meantime, the broadcaster’s operations will continue without disruption, and the company will “provide updates as appropriate,” it said in a press release.
The…
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Rogers says CRTC does not need to “expand” inquiry
By Ahmad Hathout
Rogers has told the CRTC that a lightning strike could have been the reason why some calls in Niagara region were being misrouted to dead air or allowing customers to hear the conversations of others.
Rogers said the event on July 25, which triggered a CRTC inquiry after media reports, affected a “single voice path” on its traffic and trunk facilities and impacted the inbound and outbound calls between Rogers and Bell customers. The cableco said it is unable to identify the number of affected voice customers…
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By Connie Thiessen
WildBrain has announced it’s ending its broadcast channel business, including Family Channel, Family Jr., WildBrainTV and Télémagino.
The kids’ and family entertainment purveyor said it has been unable to negotiate a new carriage agreement with Rogers to carry the aforementioned channels after the CRTC found the cable giant wasn’t subjecting them to an undue disadvantage. WildBrain says Rogers has subsequently told it that it intends to remove the channels from its distribution service in the coming months. Together with its failure to secure a similar deal with Bell following a similar CRTC decision, WildBrain’s Continue Reading
