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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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 – 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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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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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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TORONTO – Canadians who bundle their television, Internet and telephone services with the same provider are generally happier customers and are likely to recommend their provider to family and friends, according to a J.D. Power report released Thursday.
According to the Television Provider Customer Satisfaction Study, 83% of customers bundle their TV and Internet service with the same provider, while 17% subscribe to just TV service with their telecom provider. Among customers who bundle, 59% also have telephone service with their provider—commonly referred to as a triple-play package.
(The Television Provider Customer Satisfaction Study measures overall satisfaction with television providers based…
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GATINEAU – The CRTC today approved the $3.2 billion purchase of Astral Media by BCE Inc., but Bell’s regulatory people have MUCH paperwork to file before July 29th in order to satisfy the various conditions of the approval. That said, there doesn’t appear to be anything surprising in the decision which could scuttle the transaction.
As most are well aware, this is the second time Bell attempted to purchase Astral, as the Commission said no to the original 2012 deal last October.
Bell executives pronounced themselves pleased Friday morning, and so they are obviously okay with all the conditions, all of…
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OTTAWA – Will the CRTC approve the deal to let BCE Inc. take control of Astral Media? After weeks of speculation (and 15 months since its intitial bid for Astral was announced), that question will finally be answered Thursday, as the CRTC has confirmed it will release its decision about the Bell/Astral merger June 27, at 4 p.m.
Cartt.ca editor and publisher Greg O’Brien will be in Ottawa tomorrow at the media lock-up at 2:30 p.m. to view the decision just prior to its official release. CRTC chairman Jean-Pierre Blais will address the…
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