OTTAWA – Saying the Minister of Industry has no right to change the policies governing the 2008 Advanced Wireless Spectrum auction now, Telus has filed an application in Federal Court asking for a judicial review of the June 28th spectrum transfer policy framework released by then-Industry Minister Christian Paradis.
(We predicted such a legal backlash in April when Industry Canada told the Canadian wireless companies then that it wanted to add new restrictions on the sale of wireless spectrum that had been cleared to be sold after a…
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PETERBOROUGH, ON – Capella Telecommunications recently announced it has been named the Canadian distributor for InnoTrans Communications’ products and solutions.
“Capella has a history of introducing leading edge equipment to the Canadian marketplace and is pleased to continue this history with InnoTrans. We believe the compelling technical performance offered by InnoTrans coupled with Capella’s strong technical expertise will offer great value to Canadian operators in this highly competitive time in our industry” said Capella Telecommunications president Norm Slater in a release.
InnoTrans, based in San Jose, Calif., says it has revolutionized node splitting and fiber…
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CALGARY – Shaw Communications announced its sponsorship today of six Canadian professional golfers taking part in the RBC Canadian Open, which begins today at Glen Abbey Golf Club in Oakville, Ont.
The roster of players supported by Shaw includes: Albin Choi from Toronto; Brian Hadley from Sarnia, Ont.; Adam Hadwin from Abbotsford, B.C.; Bryn Parry from Vancouver, B.C.; Roger Sloan from Calgary; and Eugene Wong from North Vancouver, B.C.
“Our goal is to help a steady stream of young and enthusiastic golfers who have a real shot at taking their game to the next level,” said…
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TORONTO – While recent events, including the possible entry of US behemoth Verizon into Canada and Monday’s cabinet shuffle, have left many in the investment community wondering how these will affect the regulatory landscape, the telecom sector won’t see an impact on the bottom line just yet.
Financial results for the second quarter of 2013 will not reflect any of these regulatory concerns, says BMO Capital Markets Second analyst Tim Casey.
“We expect Verizon will continue to quietly negotiate with the owners of the existing new entrants – Wind and Mobilicity – with…
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TORONTO – Despite gains in net profit (thanks largely to the sale of non-controlling interests in Food Network Canada) and specialty TV advertising revenue in its fiscal third quarter, Corus announced Thursday that the company will miss the low-end of its profit guidance for FY2013.
Net income attributable to shareholders for the three months ended May 31, 2013 was $89.9 million, a 108% increase compared to $43.2 in the third quarter of 2012. The hefty jump is a result of the company’s sale of its non-controlling interests in the Food Network Canada for $55.4 million.
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BURNABY, BC and TORONTO – Talks of a merger began Wednesday between the Telecommunications Workers Union (TWU) and the United Steelworkers (USW).
“I am pleased that our union’s local leaders from across Canada have voted for us to work toward a merger with the USW that will improve the working lives of our members and their families,” said TWU national president Lee Riggs in a joint statement from the two unions.
A tentative merger agreement between the two unions, who have had a formal strategic alliance since 2010, would focus on mutual commitments to bargaining, education,…
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TORONTO – Reaction to last week’s news of Verizon’s entry into the Canadian wireless market has sent Telus and Rogers shares into decline, while market caps for BCE, Shaw, Bell Aliant and MTS have increased – a move that Canaccord Genuity analyst Dvai Ghose calls “baffling.”
Ghose says Rogers and Telus were oversold based on the perceived risk of Verizon entering Canada. Rogers and Telus shares have dropped 10.3% and 12.1%, respectively since June 17, when the Globe and Mail first reported Verizon was looking at getting into the Canadian market by purchasing Wind Mobile. In…
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TORONTO – TVO announced Friday the appointment of Gary Comerford, Kristin Morch and Mark Wakefield to its board of directors. The new TVO board members will each serve a three-year term.
Comerford is a strategic marketing expert with more than 35 years of experience in the financial services industry. He is currently EVP and chief marketing officer at Reinsurance Group of America International, where he oversees all strategic marketing efforts worldwide. From 1989 to 2009, Comerford worked at Sun Life Financial in senior executive roles. He is a director of Aditya Birla Minacs Worldwide Inc,…
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CALGARY – Cable and media conglomerate Shaw Communications announced this morning consolidated revenue for the three and nine month periods of $1.33 billion and $3.90 billion, respectively, was up 4% and 3% over the comparable periods last year.
Total operating income before amortization of $585 million improved 3% over the comparable quarterly period and the year-to-date amount of $1.72 billion was up 6%, says the press release. Free cash flow for the three and nine month periods was $138 million and $543 million, respectively, compared to $203 million and $379 million for the comparable periods last year. Increased operating income…
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MAKE NO MISTAKE, it was a long road, but BCE Inc. finally won the right to purchase the most coveted licensed assets owned by Astral Media. However, CRTC decisions are so much more nuanced than a simple “yes” or “no”.
So below we give you our first impression of the decision broken down by the number of points Bell won with the Regulator – and lost.
WIN: No additional divestitures. Bell executives said repeatedly through the whole process that it could live with certain conditions – even some unprecedented, stringent ones, but it would not proceed with the deal if the…
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