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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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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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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Telus and Telus Digital (formerly known as Telus International) on Tuesday announced they have entered into a definitive agreement for Telus to acquire all of the outstanding multiple voting shares and subordinate voting shares of Telus Digital not already owned by Telus for US$4.50 per share, representing a total value of US$539 million.
This follows Telus’s initial proposal in June to purchase all outstanding shares of Telus Digital for US$3.40 per share, which at the time Telus said represented a premium of approximately 15 per cent to Telus…
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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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Telus Fund, a Certified Independent Production Fund that administers Telus’s financial contributions in support of Canadian content promoting health and well-being, announced Wednesday it has appointed media executive Leah Camenzind as its new executive director.
She succeeds Elizabeth Friesen, who is retiring after more than 12 years at the helm of Telus Fund since its inception in 2013.
“Camenzind brings a proven track record of launching, leading, and transforming film funds, with deep expertise at the intersection of storytelling, impact, and strategic investment in Canadian content,” reads a Telus Fund announcement. “Her appointment signals an…
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Telus announced Wednesday it has partnered with Korean budget telecom provider FreeTelecom to launch the FreeTelecom Dual Plan, allowing customers to access both Korean and Canadian mobile services on a single device.
Calling it “an industry-first mobile solution,” Telus said in a press release the service offers significant cost savings compared to traditional international roaming. Built on Telus’s network, the service “addresses the unique connectivity needs of Korean residents, working holiday, students, and business travelers who spend time in both countries,” Telus said.
This strategic partnership with Telus makes FreeTelecom the first Korean…
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By Ahmad Hathout
A broadband consulting firm wants the CRTC to clarify that internet networks built using public dollars in southwestern Ontario are subject to the commission’s new wholesale internet framework.
Ontario-based Broadlytics Inc. filed a Part 1 application with the CRTC this week asking it to rule that networks built under the Southwestern Integrated Fibre Technology Inc. (SWIFT) project be made to comply with the commission’s ruling on access to the aggregated fibre regime – meaning third-party access to the builds’ middle- and last-mile fibre networks. Otherwise, it says, those builds cannot uphold an obligation to open access.
“The Applicant requests…
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Bell on Monday announced the launch of Bell Streaming, initially offering trio bundles featuring Crave, Netflix and Disney+ as well as two-service bundles that bundle Crave with one of the other two streaming services.
Bell says its bundles deliver up to 25-per-cent savings compared to subscribing to the services individually. An ad-supported “Crave, Netflix, Disney+ – Basic” bundle is priced at $22 per month, while a “Crave, Netflix, Disney+ – Premium” bundle is $49 per month.
Ad-supported Crave-Netflix and Crave-Disney+ bundles are $16.75 and $15.75 per month, respectively. Premium Crave-Netflix…
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