VANCOUVER – After apparently selling off its shares in Telus last month, Mason Capital is now “re-establishing a significant long position in common shares and shifting their short position primarily to common shares,” reports Telus.
The carrier cautions that due to the sudden increase in foreign ownership levels, Telus' transfer agent (Computershare) may not be able to approve new applications by non-Canadians to purchase Telus common shares, if that purchase would risk causing the company to exceed the federally mandated 33.3% foreign ownership level.
Telus says the re-established long common share position at November month-end…
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GATINEAU – The CRTC has denied a request by Globalive (Wind Mobile) to review Telus’ foreign ownership.
“The commission is satisfied that Telus’ mechanisms for ensuring its compliance are consistent with the provisions and requirements established,” and that it “does not consider there to be sufficient evidence of non-compliance on the record of this proceeding to warrant a review,” the CRTC wrote in its decision.
Globalive requested the review claiming the carrier was in breach of regulations that prevent non-Canadians from owning more than 33.3% of the common shares of incumbent telcos like Telus….
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TORONTO – The past year has been a strong one for Canada’s big three telcos (see Figure 1 below), but new wireless pricing plans will cut into Average revenue per user (ARPU). In particular, a new Rogers Wireless price plan (see Figure 2) launched on November 7 and matched immediately by Telus and Bell, along with a maturing smartphone market and looming threat from Wi-Fi could combine to slow future growth. This according to research from analysts Dvai Ghose and Sanford Lee in Canaccord Genuity’s latest Daily Letter to investors.
“On the surface, one could conclude…
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CALGARY – Telus is adding Movie Central and HBO Canada content to its Optik on the go service, offering the latest seasons of HBO Canada and Movie Central programming to customers who subscribe to Movie Central. First launched in 2011, Optik on the go allows customers to view a selection of TV On Demand shows and movies on their mobile devices, tablets and laptops, at home and on the move.
With the addition of Movie Central and HBO Canada programming, Optik will now offer subscribers new seasons of popular HBO original series such as Game of…
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RIMOUSKI, QC – Telus has opened its new $65 million Intelligent Internet Data Centre in Rimouski, and will invest an additional $13 million in added IT infrastructure to bring world-class cloud-based solutions to Quebec and Canadian businesses.
The new Telus Tier III design-certified centre is the first Telus Internet data centre built to LEED (Leadership in Energy and Environmental Design) Gold standards. Its 1.15 Power Usage Effectiveness (PUE) rating places Telus at the forefront of the industry with an energy-efficiency that is more than 80% superior to that of traditional data centres. Constructed with a unique…
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BRANTFORD, ON – Telus’ customers in Brantford now have access to 4G speeds with additional communities to be upgraded to Long Term Evolution (LTE) in the coming months. Today's announcement is part of the company's $650 million investment in Ontario over the next three years to further expand and enhance its wireless networks.
"With a 4G LTE device like Samsung Galaxy S III or Note II, our customers will have the fastest wireless Internet at their fingertips, as fast as your home Internet connection but on your smartphone, tablet or Internet key. We are continuing…
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TORONTO – While rating the industry as “outperform”, a BMO Capital Markets report published Monday says the Canadian media and telecom business will generate $62 billion in revenue in 2012 and see an overall growth rate of about 3%, as compared to last year. Of that revenue, about 75% comes from our big four of BCE, Rogers Communications, Telus and Shaw Communications.
While wireless, wireline broadband and specialty television will continue to be the revenue drivers, overall growth will be partially offset by declines in legacy data, voice and print media, says the report. Look for the overall share of…
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REVELSTOKE, B.C. – Telus is investing $2.2 million to bring new wireless coverage to more than 35 kilometres of difficult terrain along Highway 1 between Malakwa and Revelstoke, as part of a strategic partnership with the province.
The first of two sites bringing coverage to the area, located about 30 kilometres west of Revelstoke, is now live. Telus expects that the second site, north of Mt. Griffin Ecological Reserve, will go live within the next month. Together, the sites will bring more than 35 kilometres of wireless service to residents, businesses and travellers along Highway 1…
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VANCOUVER – Telus says Mason Capital has dramatically reduced its shares in the company with its level of foreign ownership dropping from 33% to 15% (as of Nov. 16). As a result Telus says requests by non-Canadians for a reservation to purchase common shares are now being considered and approved, if they don’t risk causing Telus to exceed the foreign ownership threshold. It also noted a significant reduction in the short positions being held of its common and non-voting shares.
Mason, a New York hedge fund that owned almost 20% stock in the carrier, battled for…
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TORONTO – With 294 billion emails being sent per day (an untold number being spam, phishing attempts, or loaded with malicious software), it’s not surprising that cyber security is at the top of the list of priorities for most companies.
In order to help its business clients understand the nature of the threats – so that they can protect their most sensitive data and employees from those who would do them harm, all the while keeping systems accessible enough to take advantage of the opportunities borne by having open access to the Internet – Telus hosted a cyber security event…
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