TORONTO – Telus today announced that it has acquired privately held Fastvibe Corporation, a provider of innovative Web streaming solutions for business.
The purchase price was not disclosed.
Billed as a “green purchase” by Telus, the company will use Fastvibe’s web streaming technology to help Canadian businesses reduce travel and improve communications
The Fastvibe team brings unique technical, event and production Web streaming management expertise to Telus, says the press release. The acquisition strengthens Telus’ technology solutions portfolio by offering Canadian businesses an environmentally responsible and cost effective way to deliver information like training, employee communications and investor information…
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VANCOUVER and MONTREAL – Telus and Emergis will soon be one.
The companies today announced that a total of approximately 84,876,494 common shares of Emergis representing approximately 94% of the outstanding common shares (on a fully-diluted basis) were validly deposited to the $763 million offer to buy made by Telus, which expired at 5 p.m. (Eastern Standard Time) on January 16, 2008.
"We are very pleased with the strong acceptance of our offer," said Joe Natale, president of Telus Business Solutions, in a press release, "and we welcome the Emergis team and its CEO François Côté to the…
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TORONTO – While Telus declined to make any response, a weekend report that said the company may spend as much as $500 million to swap its wireless technology to the GSM standard, set markets buzzing Monday.
Right now, Both Telus and Bell Canada operate CDMA wireless networks, which to many, are more limited technologically than GSM, due in no small part to the fact that most of the rest of the world is GSM-dominated. Network and handset gear manufacturers build to the GSM standard first, such as the Apple iPhone, which is a GSM product.
Rogers is the lone…
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VANCOUVER – Telus has purchased 41,200 more common shares of Emergis through the Toronto Stock Exchange. As of the close of business of the TSX today, Telus owned directly or indirectly 1,017,000 common shares.
The company this month bid $763 million to buy Emergis outright.
“The highest price paid by Telus for Common Shares purchased today was C$8.19 per share and the average price paid per share was C$8.19. This is Telus’ third purchase of Common Shares through the facilities of the TSX since Telus’s indirect wholly-owned subsidiary 6886116 Canada Ltd. mailed its offer (the "Telus Offer") to…
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IT WASN’T SO LONG AGO when Telus was just the Alberta telephone company with little to no presence anywhere in Eastern Canada.
Now, thanks to the exponential growth of wireless (buying Clearnet proved a good idea) and huge wins on the business telecom services side, the former provincial telephone monopoly is a national communications conglomerate with well over 10,000 employees just in Ontario and Quebec. In 2000, its workers in the two provinces numbered in the hundreds.
The man at the top of this unprecedented growth in Eastern Canada has been Joe Natale, executive vice-president and president, Telus Business…
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VANCOUVER – Canada’s second-largest telco Telus is predicting its recent history of record growth in revenue and earnings per share will continue in 2008, despite a bit of a dip in the latter part of fiscal 2007.
"Telus continues to execute on all fronts as we continue to grow revenue and earnings and use our robust cash flow to make investments for future growth while maintaining an orientation to return capital to our investors through continued dividend increases and share repurchases," said Robert McFarlane, executive vice-president and CFO, in a statement this morning.
Telus is targeting six to eight per…
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TORONTO – 10-10 long distance company Yak Communications said today announced it has filed applications with the CRTC demanding that it force Telus to stop charging a long distance “access fee” of $2.95 a month.
Among the remedies Yak is seeking, reads its press release, Yak has applied for an order that consumers who have already paid this new fee be reimbursed by Telus.
Yak’s applications request that the CRTC return basic toll service to the regulated sphere and declare the new fee illegal, and that Telus reimburse customers that have already paid it, reads the release. In addition,…
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VANCOUVER – Telus and Emergis announced today that they have entered into a support agreement pursuant where Telus has agreed to make an offer to acquire all the outstanding common shares of Emergis for $8.25 cash per common share.
The offer represents a premium of 17% over Emergis’ average closing price on the Toronto Stock Exchange over the past 30 days, 19% over yesterday’s close and values Emergis’ equity at approximately $763 million on a fully diluted basis, according to the joint press release issued by the companies.
Emergis has a strong presence in both health claims processing and…
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OTTAWA – TELUS said Wednesday it’s “deeply disappointed” with the government’s rules that were announced for the upcoming Advanced Wireless Spectrum (AWS) auction.
“It (the decision on the rules) is inconsistent with this government’s stated policy of relying on market forces to deliver benefits to Canadian consumers. It also rewards companies that have both the resources and the motivation to bid openly for new available spectrum,” said Janet Yale, executive vice-president, TELUS Corporate Affairs, in a statement. “As a consequence, Canadian taxpayers will receive less than full market value for the new spectrum.”
She added, “TELUS advocated a policy that…
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VANCOUVER – Third quarter revenue increased 4.5% to $2.31 billion compared to the third quarter of 2006, reports Telus this morning.
The performance in the quarter ended September 30th was driven by 9% growth in both wireless revenue and wireline data revenue, partially offset by ongoing declines in local and long distance wireline revenues. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased 3.6% to $987 million due to an increase in wireless EBITDA of 8%, while wireline EBITDA decreased by 1%.
Net income in the quarter was $410 million and earnings per share (EPS) were $1.24, up…
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