THE ASTONISHED FEEDBACK came fast and furious late Thursday as people tried to give voice to their feelings on the Commission decision to deny Bell Canada’s $3.4 billon purchase of Astral Media.
******************** “Like most observers, we had expected conditional approval,” said analyst Dvai Ghose of Canaccord Genuity in a note to clients. “This could also have implications for other potential media transactions such as Shaw-Corus, although in that case both entities are already controlled by the Shaw family. We also believe that the speculation of a Corus bid for Astral could rise and could be more palatable for regulators.
“While…
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MONTREAL- Telus and the Association of Fundraising Professionals-Quebec Chapter (AFP) are honouring three outstanding and committed community leaders in the greater Montreal region, the top three winners of the Telus Community Excellence Awards. They are: Manon Barbeau, Co-founder, Executive Director and Artistic Director, Wapikoni mobile; Ugo Dionne, Co-Founder, Bénévoles d'affaires; and Bernard Lamarre, Chairman of the board, École Polytechnique.
The honour was part of the Telus Celebration of Giving in Montreal, an annual event that brings together 150 professionals and volunteers from the community sector. Through the event Telus recognizes the generosity and dedicated work of…
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VANCOUVER – Telus shareholders have voted strongly in favour of a proposal to exchange the company's non-voting shares for common shares on a one-for-one basis says the telecom. But Mason Capital responded that it participated in the meeting under protest and would be appealing an earlier court decision which allowed the vote to take place.
Of the total shares voted, 81.1% were in favour of Telus' share exchange proposal, with 62.9% of the 128.8 million common shares voting in favour, and 99.5% of the 127.7 million non-voting shares voting in favour. Excluding Mason's most recently reported…
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WINNIPEG – Beginning October 20, 2012, 10-digit dialing will become mandatory for all local calls in Manitoba which brings the three-month transition period to an end, and on November 3, 2012, the new area code 431 will be introduced in the province.
Since July, local calls made using seven digits were interrupted by a recorded announcement before the call went through. As of this Saturday, local calls will no longer be completed without first dialing the 204 area code. The Telecommunications Alliance (members include MTS, Rogers, TELUS, Bell and Westman…
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VANCOUVER – At Telus' suggestion, the B.C. Supreme Court has ordered a joint shareholder meeting on October 17 to consider both its share exchange proposal and New York hedge fund Mason Capital's related resolutions, providing shareholders with the opportunity to compare and vote on the rival proposals. The order follows a B.C. Supreme Court decision provided orally by Master Muir with written reasons to follow.
The court found it appropriate to have Telus and Mason Capital's resolutions voted on at the October 17 meeting and to allow proxies received by Telus from common shareholders voting in favour…
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TORONTO – It’s unlikely a foreign player, like a Softbank, would enter the Canadian market and “roll up” Wind, Mobilicity and Public Mobile to take on the incumbents says a Scotia Capital analyst.
“Even if they were combined, do not have the same potential combined spectrum position like S/CLWR (Softbank, Clearwire). The Canadian "challengers" would have to still acquire more spectrum licenses in the “700 MHz auction in 2013 and the 2.5 GHz auction in 2014 to compete against the incumbents Rogers, Telus and BCE,” writes Jeff Fan in the October 15 edition of…
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VANCOUVER – Telus has announced that the Supreme Court of B.C. has given approval for it to proceed with a vote on its share exchange proposal despite an appeals court ruling that sided with U.S. hedge fund investor Mason Capital.
The Supreme Court of B.C. rejected Mason Capital’s attempt to challenge Telus’ share exchange proposal says Telus. The Court confirmed the validity of the order it had initially granted to Telus enabling the company’s shareholders to vote on its proposal to exchange non-voting shares for common shares on a one-for-one basis. The proposal requires approval…
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TORONTO – Telus says it’s the first “premium” Canadian carrier to scrap its $35 activation fee, it will also eliminate the $25 equipment exchange for renewing customers.
In a bid to differentiate itself from Rogers and Bell, the telecom says the move reflects its focus of placing “customers first and being fair and transparent,” by becoming the first “established brand” to eliminate activation fees.
The move is part of Telus’ “clear and simple pricing initiatives,” to help customers understand when they are paying for “tangible products or value-added services,” it stated in a news…
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VANCOUVER – Mason Capital Management, the largest Telus shareholder, said it will go ahead with plans to hold a rival meeting of Telus shareholders after the British Columbia Court of Appeal today overturned an earlier court ruling.
“We are pleased by the Court’s ruling, which fully vindicates our position that the voting shareholders of Telus should have the opportunity to vote on a fair exchange ratio share in a share collapse transaction," Mason said in a statement.
It added that voting shareholders will now have the opportunity to have a “say on the critical issue…
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GATINEAU – They’re confused, angry and just won`t take it anymore. So, as first reported by Cartt.ca yesterday morning, the CRTC has taken the unprecedented action of calling on the public to help it create a comprehensive code of conduct for wireless service providers.
Input will be accepted until November 20, 2012 and the public consultation process will begin on January 28, 2013, in Gatineau, Quebec. The Commission will also be announcing shortly details regarding an online consultation to further promote discussion among Canadians on the issues and questions raised by its proceeding.
"Our…
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