WIND MOBILE PARENT COMPANY Globalive has said again the CRTC must hold a public hearing to find out for sure if the ownership of Telus is Canadian enough.
Back in June, Globalive sent a petition to the CRTC which said Telus’s recent aborted attempt to convert to a single share structure showed the Vancouver-based telco may not be complying with Canada’s telecom ownership rules and therefore it may well be in breach of the Telecom Act. So, a full public hearing must be held to determine whether or not Telus is Canadian enough.
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VANCOUVER – Strong wireless and wireline data growth drove Telus to a very good second quarter, the big telco announced this morning.
Second quarter (ended June 30, 2012) revenue increased 4% to $2.7 billion while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 5% to $1 billion, the company reported. Earnings per share rose 2% to $1.01, or 6% when excluding income tax adjustments and a gain on the Telus Garden real estate development.
Quarterly growth was primarily generated by a 7% increase in wireless revenue and 13% increase in wireless EBITDA, plus strong revenue growth of 8.5% in…
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HALIFAX – Telus will invest $8.4 million and hire 65 new employees over the next three years to expand its 4G LTE network in Atlantic Canada.
As part of this investment, Telus said Wednesday that it will invest $5 million in Nova Scotia alone, including $3.8 million in the Halifax Regional Municipality.
"Telus’ $8.4 million investment in Atlantic Canada over the next three years supports the enhancement and expansion of our wireless service, which is based on the most advanced, fastest wireless technology available in the world today," said Ken Power, director of Atlantic Canada, in the news release. "The demand…
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VANCOUVER – Telus says that it has always been compliant with Canada's foreign ownership restrictions for telecommunications companies, and called on the CRTC to dismiss the “misleading allegations” made by Globalive and Mason Capital.
In a formal response to the Commission on Monday, the telco reported that as of June 29, 32.59% of its voting shares were held by non-Canadians, an amount that falls just below the federal limit of 33.3%. This includes the holdings of its shareholder Mason, a New York-based hedge fund, which recently reported that it held a 19.98% ownership stake of Telus’ common shares.
"Globalive relies on…
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OTTAWA – Communications giant Bell Media was batting .500 Friday after the CRTC awarded it a win, and a loss, in two final offer arbitration disputes between it and the Canadian Independent Distributors Group (CIDG) and Telus.
In its decision on Bell Media versus the CIDG, a group consisting of the CCSA, Cogeco and MTS, the Commission noted that both sides made “significant strides” to resolve the issues between them, and that both offers provided commercially reasonable terms and more consumer choice.
The CIDG final offer affiliation agreement, however, was “inconsistent” with the standstill rule of the Commission’s vertical…
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TORONTO – Telus has rolled out its 4G LTE network in six more Ontario communities.
The telco said Thursday that the network is now available in Barrie, Bolton, Kingston, Muskoka, Orangeville and St. Thomas with more locations to come this year. Click here for an updated coverage map.
When in Telus’ 4G LTE coverage areas, customers may enjoy manufacturer’s rated peak download speeds of up to 75 Mbps with an expected average speed of 12 to 25 Mbps. If users travel outside the 4G LTE network coverage areas, they will move seamlessly from 4G LTE to 4G, with no…
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NEW YORK – Vocal Telus shareholder Mason Capital Management LLC is taking issue with a research report written by a well-known Canadian telecom analyst.
The U.S. hedge fund distributed a public statement to Telus shareholders on Monday in response to “misleading statements” contained in a research report sent out last week by Canaccord Genuity analyst Dvai Ghose. According to Mason, the report incorrectly states that Telus could remove the voting rights associated with Mason's voting shares of the telco in order to remedy a potential failure by Telus to meet the Canadian ownership requirements.
As Cartt.ca has reported, Mason is pushing Telus for details on how…
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VANCOUVER – Telus shareholder Mason Capital Management LLC has upped the ante in its quest to force the telco to disclose its current foreign ownership levels.
The U.S. hedge fund filed a petition with the Supreme Court of British Columbia this week seeking full disclosure of unredacted copies of the proxies submitted by Telus shareholders at its May 9 shareholder meeting. Mason said that Telus is obligated to disclose how shareholders voted on the now-withdrawn proposal to eliminate its dual-class share structure.
At that time, Telus said that it decided against the move in large part because of a…
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MONTREAL – Telus’ Wi-Xi squad will be peddling along the streets of Montreal this summer to provide free access to its 4G LTE network.
Telus will be decking out Bixi bike’s (used in the city’s bike sharing program) in Telus colours and transforming them into Wi-Fi access points via a 4G LTE modem linked to a battery that is recharged by pedal power. The Telus Wi-Xi allows up to 10 users per bike to connect to Telus' 4G LTE network. Telus says the pilot project exploits the power of the Internet to offer the best technological solutions for households and…
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GATINEAU – On Wednesday, July 4, Globalive Wireless Management (Wind Mobile) asked the CRTC to add a new piece of evidence to its file which says Telus is currently off-side when it comes to Canada’s telecom regulations on foreign ownership.
As we reported previously, Globalive wants the CRTC to launch a public proceeding to examine whether or not the number of foreign investors in Telus is too great. On June 20th in a submission to the Commission, Globalive said that Telus’s recent aborted attempt to convert to a single share structure exposed…
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