TORONTO, MONTREAL and CALGARY – Rogers Communications, Shaw Communications and Quebecor Inc. announced today they have signed a definitive agreement for the sale of Shaw’s Freedom Mobile to Quebecor subsidiary Videotron.
The definitive agreement is “substantially consistent” with what was announced with regards to the sale back in June, according to a press release. It still needs to be cleared under the Competition Act and by the Minister of Innovation, Science and Industry and is contingent on the close of the merger of Rogers and Shaw, which itself still needs approval under the Competition Act and from the…
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OTTAWA – When the federal government announced it was proposing a new telecommunications policy direction to the CRTC back in May, it emphasized how it would improve competition.
This is supposed to help ensure telecommunications services are affordable and encourage innovation in the industry.
The proposed policy direction compels the CRTC to consider, among other things, how its decisions “encourage all forms of competition and investment”. But while several telecommunications service providers (TSPs) that submitted comments to the government on the proposed policy direction seem to agree competition is important, there is disagreement on what kind of competition the CRTC…
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CALGARY – Shaw Communications announced today it is donating $100,000 to support children and youth in Alberta while at the same time recognizing 10 community champions from the past 10 years of the Shaw Charity Classic.
“After 10 years of the Shaw Charity Classic, there are countless stories to be told about the dedicated, passionate and generous people behind the tournament’s success and incredible impact,” said Brad Shaw, executive chair and CEO of Shaw Communications, in a press release.
“These remarkable Community Champions represent just a handful of the most compelling stories. Through the leadership and commitment of these people, the…
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CEO says they are “more determined and motivated than ever” to expand across Canada
MONTREAL – Quebecor Inc. today announced its second quarter 2022 financial results, which states revenue for the quarter was $1.1 billion – a decreased of $16 million compared to Q2 2021.
Adjusted EBITDA was reported to be $491.4 million, a $10 million decrease compared to the same quarter of 2021, according to a press release.
In its telecommunications segment, Quebecor reported $912.6 million in revenue for Q2 2022 (a decrease from $928.4 million in the same quarter of 2021) while adjusted EBITDA was $487.5 million (up from $481.5…
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TORONTO — Live television app toober* announced yesterday it has launched eight more channels.
The new channels include Euronews Spanish, Euronews Portuguese, Euronews German, Euronews Greek, Euronews Russian, Euronews Hungarian, Euronews Italian and Pulse TV, an English-language music video entertainment channel.
toober also announced the app can now be found in the Roku Channel store on all Roku TVs.
In Canada, the app is available on Rogers, Shaw, Videotron, Apple TV, Google TV Playstore and now, Roku. It will launch globally and on additional platforms later this year, according to a press release.
“toober aims to fill a gap in the live streaming…
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By Steve Faguy
MONTREAL — VMedia, the independent internet and television service provider that pioneered delivering television services over IPTV systems in Canada, was quietly acquired by Quebecor last week – but that does not mean it intends to fade away.
Instead, Quebecor is financing its expansion, giving it the resources it needs to grow its subscriber base across the country and offer a bundling option that Quebecor’s Videotron can combine with its expansion of mobile services outside Quebec.
The purchase price of the deal was not disclosed. According to documents filed with the CRTC, Quebecor acquired all shares of VMedia from…
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TORONTO and CALGARY — Rogers Communications, Shaw Communications and the Shaw Family Living Trust today announced they have extended the outside date of the proposed $26-billion merger of Rogers and Shaw to Dec. 31, 2022.
The outside date for closing the merger has already been extended twice before by the companies from the original date of March 15, 2022. The closing extension comes as the most recently announced outside date of July 31, 2022 was fast approaching.
The new outside date “may be further extended to January 31, 2023 at the option of Rogers or Shaw, provided Rogers has committed financing…
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TORONTO — Rogers Communications today reported its financial results for the second quarter of 2022, while also announcing the outside date for its proposed merger with Shaw Communications has been extended to Dec. 31, 2022.
In addition, when releasing its results for the second quarter, the company announced the estimated cost of compensating its customers for its recent nationwide network outage is $150 million. These customer credits will be included in Rogers’ third quarter 2022 operating results, according to a press release announcing the company’s Q2 2022 results.
Rogers also plans “to spend more on our wireless and wireline networks…
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By Denis Carmel
OTTAWA – The House of Commons INDU committee heard from a series of witnesses today about the July 8 Rogers Communications outage that impacted Canadians across the country, including those trying to access emergency services.
Both meetings the committee decided to hold before the end of July were held today back-to-back.
First among the witnesses there were older white men in suits including François-Philippe Champagne, minister of Innovation, Science and Industry. While the soon fired Rogers CTO, Jorge Fernandes was in Portugal, the minister was in Japan when he heard in the middle of the night…
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CALGARY — Shaw Communications announced today the six Calgary-based artists who will create murals celebrating Pride for the Shaw Pride Marches On art walk initiative that will be on display in Central Memorial Park in Calgary’s Beltline starting next month.
Kicking off Friday, Aug. 12, Shaw Pride Marches On “provides a platform to tell 2SLGBTQIA+ stories, celebrate the community, and underscores the importance of human connection and resilience,” reads a press release, noting the initiative is now in its third year.
“The art walk will feature mural concepts chosen by a group of leaders from Calgary’s arts community based on their…
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