CEO accuses Bell of refusing to negotiate MVNO rates in good faith
MONTREAL – Quebecor announced today its third quarter 2022 financial results, which show the company’s revenues were $1.1 billion – a slight decrease from Q3 2021.
Adjusted EBITDA was also slightly down at $518 million.
In Quebecor’s telecommunications segment specifically, the company reported $942.2 million in revenue, which is an increase from $939.5 million in the same quarter the previous year. Adjusted EBITDA in the segment was $489.5 million, up from $476.8 million.
In the media segment, the company reported revenue of $170.1 million – down from $190.6 million in the…
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By Howard Law
IF JOURNALISTS IN politics are the friends of news media, perhaps it needs new friends.
At the Commons Heritage Committee, former CTV reporter and Conservative MP Kevin Waugh continues to thunder that major TV networks Bell CTV, Rogers City-TV and CBC should be excluded from the “FaceGoogle” Bill C-18.
This Monday at the Senate committee studying the Online Streaming Act Bill C-11, former Edmonton Journal columnist Paula Simons and former CBC TV correspondent Julie Miville-Dechêne suggested Unifor’s recommendation for better cable and streamer funding of local news was unnecessary because TV companies are set to cash in under…
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OTTAWA – Almost all newcomers to Canada own a smartphone, according to the latest data to be released by the CBC’s Media Technology Monitor (MTM).
MTM’s second annual newcomers study, which had 4,000 respondents, “focuses on the media behaviours as well as the leisure and settlement activities of those who have arrived in Canada in the last 5 years,” says an email today announcing the new data and a free infographic providing a look at MTM’s findings.
The study also found 60% of newcomers get a cell phone after arriving in Canada. “Flanker brands such as Fido, Virgin and Freedom are…
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TORONTO — Organizers of the 2022 Canadian Telecom Summit (CTS) announced today the details of an environmental sustainability panel, taking place during the conference on Nov. 21 at 11 a.m.
“Environmental, social and governance issues loom ever larger across the telecommunications sector,” a description of the panel on the conference website says. “The panel of industry experts will delve into the some of the most pressing, including the connections between connectivity and energy efficiency, ensuring sustainability throughout supply chains, accessing capital through green and sustainable financial instruments, navigating evolving rules for ESG disclosure and powering communications with renewable energy.”
The panel…
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VANCOUVER — Telus Health and the BC SPCA announced today they have joined forces to provide access to virtual veterinary care through the recently launched Telus Health MyPet service, offering reduced rates for virtual vet consultations for dogs and cats in BC SPCA care.
Telus Health is also giving $2 for every download of the Telus Health MyPet app to support the BC SPCA until Nov. 26 to a maximum of $20,000.
“The TELUS Health MyPet app will help free up time for our animal care team to focus on providing loving care and enrichment for the animals in our…
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TORONTO — Telus Communications announced today the launch of its Mobility for Good for Indigenous Women at Risk program in Ontario, in partnership with Native Women’s Resource Centre of Toronto (NWRCT) and Native Child and Family Services of Toronto (NCFST).
Through the program, which is already available in B.C. and Alberta, Telus provides “free smartphones and fully subsidized talk, text and data plans to Indigenous women, girls or gender diverse people, serving as a critical lifeline to Indigenous-led services, wellness resources, and their support networks,” explains a press release.
With Telus’ support, NWRCT and NCFST have started to distribute…
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VANCOUVER — Telus Communications announced today the seven recipients of its inaugural Friendly Future Makers Awards, a program that recognizes and celebrates Canadian youth creating long-lasting change in their communities.
“This year’s recipients were identified as a result of a nationwide callout that invited Canadians to nominate a Friendly Future Maker in their life who is doing amazing things in their local community,” explains a press release.
A panel of Telus judges selected the award winners, “each representing one of TELUS’ areas of social purpose and driving force behind the TELUS brand,” the release says.
This year’s Friendly Future Makers…
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OTTAWA – The CRTC last week sided with Quebecor in a dispute with Bell, Rogers and Telus over what the term “manufacturer’s suggested retail price” (MSRP) means as it pertains to the Wireless Code.
Section G of the Wireless Code deals with early cancellation fees and factors in the MSRP of devices when the device was subsidized as part of the contract.
In April, the CRTC launched a show cause proceeding on the use of the term after Quebecor, on behalf of its subsidiary Videotron submitted a letter claiming it observed Bell, Rogers and Telus inflating the retail price of…
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AS TECHNOLOGY ADVANCES rapidly and the rollout of 5G opens doors to endless possibilities, a Telus partnership with Google is helping the company as it seeks to use 5G to solve problems like how to ensure worker safety.
The partnership more generally is enabling each to leverage the other’s strengths – Telus becomes more agile and faster and Google becomes more secure and resilient, explained Samer Geissah (above), director, technology strategy and architecture at Telus, in an interview with Cartt.ca. Geissah, who has been with the company for four years, leads a team of principal technology architects, senior design specialists…
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CEO calls CRTC decision restricting those qualifying under MVNO framework “unfortunate”
MONTREAL – Cogeco announced its fourth quarter 2022 financial results last night, showing revenue was up 14% year-over-year, while earlier today, on an investor’s call, its president and CEO Philippe Jetté outlined the company’s next steps towards launching wireless.
Financial results
In terms of its Q4 2022 financial results, Cogeco reported revenue of $746.9 million. The company also reported adjusted EBITDA increased 18.7% to $348.5 million.
Cogeco’s Canadian telecommunications revenue alone increased 1.1% and adjusted EBITDA increased 6.4% year-over-year, “mainly resulting from lower marketing expenses and certain year-end adjustments,” a press…
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