VANCOUVER – While still reeling from this week’s income trust announcement from the Federal government that would seem to put the kibosh on Telus’ previously announced conversion plans, the company reported solid third quarter results on Friday.
The company reported a 7% increase in revenue compared to a year ago to $2.2 billion "due to continued strong wireless and data growth," says the quarterly release. EBITDA increased 13% to $952.4 million for the quarter ended September 30th.
Operating income came in at $569.1 million, a jump of 32.2% while net income rose 68.1% to $319.6 million. Free cash flow,…
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OTTAWA – It was a figurative razor blade in the apple for Canada’s income trust conversion gang this Halloween.
Late Tuesday afternoon, Federal Finance Minister Jim Flaherty announced a "Tax Fairness Plan for Canadians" which talks about a number of things, of course, but squarely targets the escalation in income trust conversions in Canada.
The market opening this morning might be ugly for telecom stocks, especially Bell Canada Enterprises and Telus Corp., which have announced plans to convert to an income trust. Telus shares spiked up about 20% when it made its announcement in September. The government’s move will…
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CALGARY – Thanks to the addition of 43,744 local phone customers in the fourth quarter, bringing its total to 212,707 voice subscribers, Shaw Communications today announced net income of $210.4 million in the quarter ended August 31, three times its net income of $70 million for the same quarter of 2005.
Net income for the year was $458.3 million, up from $153.2 million last year.
While digital phone subs grew pretty quickly (although a little off the pace of the third quarter), new Internet customers also grew at a good clip, adding 25,907 in the fourth quarter. Digital TV…
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WHILE THE SENIOR REGULATORY EXECUTIVES of all the nation’s telcos, cablecos and other parties met with federal MPs Thursday in Ottawa to plead their cases on telecom regulation, across the river in Gatineau, the CRTC was receiving its newest application for local forbearance – in Fort McMurray, Alberta.
Saying it has already passed the threshold of local line customer losses (25%) in the Alberta oil-boom-town about 450 kms north of Edmonton – thanks to rigorous competition from Shaw Cable – Telus wants the CRTC to deregulate the market, as outlined in its April 2006 local forbearance decision.
Shaw…
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VANCOUVER – Bollywood content, news, cricket updates, entertainment and cultural information direct from South Asia are now options on Telus mobile phones.
The Canadian telco and Reliance Communications, India’s largest integrated telecom service provider, says the press release, today announced Apna Des, a mobile phone based content site is now available to Telus wireless customers.
"Apna Des offers Telus clients a complete South Asian mobile experience that brings together the best of Bollywood and the latest updates on news and cricket, while respecting the region’s incredible cultural depth," said Robert Blumenthal, Telus senior vice-president of products and services, in…
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MONTREAL – As if remembering to turn the clock back an hour isn’t enough, many Quebecers also have to remember to dial all 10 digits come Saturday.
This marks the end of the four-month transition period implemented to get users out of the habit of dialing only seven digits (Ed note: We even remember the good ol’ days of only having to dial five). The intercept message and automatic call rerouting will be eliminated as well. The Telecommunications Alliance (www.dial10.ca) is issuing its final notice to anyone who has still not started using 10 digits to dial local…
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IN THE FIRST PART OF Cartt.ca’s exclusive, wide-ranging interview with the Canadian Broadcasting Corporation CEO, Robert Rabinovitch talked about stable funding, the TV Policy Review, The One, CBC radio and SRC, among other topics.
Click here to read Part I of the story from last week.
In the second part of our chat, Rabinovitch goes over on demand strategies, HD, CBC Sports (the interview was prior to Nancy Lee’s departure), local news and the residual effects of the 2005 lockout. What follows is an edited transcript.
Greg O’Brien: Let’s switch back to English TV – but actually this question…
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VANCOUVER – Last week Telus turned on the first five of seven new cellular sites which are providing voice and data service to a 25 kilometre stretch of Highway 1 between Revelstoke and Golden, B.C. known as Rogers Pass. The remaining two sites are planned for later in the year.
The $7 million project is part of the company’s ongoing investment to improve existing cell service along the highway and throughout British Columbia’s interior.
“We recognize cellular service along this corridor is particularly important for people living in the area and travellers, and are doing what we can to…
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TORONTO – G4techTV Canada announced Monday that digital cable and satellite subscribers will get to see its high-tech and gaming programming through the month of November at no charge.
As well, the Rogers-controlled digital specialty service is offering viewers a chance to win a five day trip for four to Honolulu, Hawaii and tickets to the NFL Pro Bowl football game in February 2007.
The winner will also receive four passes to the Madden Championship online football gaming tournament being held in Hawaii.
Participating BDUs include: Bell ExpressVu, Rogers, Cogeco, Videotron, Persona, Access, Telus, MTS, Mountain Cable, Source, and…
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VANCOUVER – Telus announced this week it will invest $800,000 to launch mobile phone service to four small coastal B.C. communities in the coming months.
The company is upgrading existing central switching offices with state-of-the-art cellular network and transmission equipment in Port Edward, Hartley Bay, Klemtu, and Oona River. The sites will provide PCS cellular and wireless data services such as text messaging and Internet access to each community. Similar upgrades were just completed to bring mobile phone service to the Queen Charlotte Islands, Bella Bella, and Bella Coola.
“By adding cellular network equipment to existing Telus landline sites…
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