TORONTO – The third time does not appear to be lucky for Telus and Mobilicity.
According to a report Wednesday in the Globe and Mail, Telus has heeded a warning by Ottawa and backed away from its third attempt to takeover the struggling wireless carrier.
The Globe said that the federal government had threatened that if Telus persisted in going after Mobilicity, Ottawa would redesign an April, 2015, auction of 2,500 Mhz frequencies to effectively bar Telus from acquiring any of this spectrum.
The report goes on to quote an unnamed source who claims that the Vancouver-based teleco sent word of its decision to…
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TORONTO – Telus will invest $1.1 billion in new infrastructure and wireless technology across Ontario through 2016, the company pledged Wednesday.
Telus said that it will invest $500 million across the province this year, the final year of a three-year plan unveiled in 2012, and committed to spending another $600 million throughout 2015 and 2016 to provide fibre optic communications links to business clients, advanced healthcare solutions to consumers, expanded cloud computing data centre infrastructure, and roll out its 4G LTE technology to more Ontario communities.
"Telus is dedicated to bringing Ontarians the most advanced wireless communications infrastructure available in the…
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CALGARY – Telus is set to invest more than $2.6 billion in new infrastructure and facilities across Alberta through 2016, the company said Monday.
Telus will spend $1 billion across the province this year, the final year of a three-year plan unveiled in 2012, and has committed to invest another $1.6 billion in 2015 and 2016 to build infrastructure, expand urban and rural Internet connectivity and capacity, and bring its wireless technology to more communities. Specifically, Telus pledged to rapidly deploy 700MHz spectrum for use in rural and urban areas; connect thousands of homes and businesses in various communities with higher-capacity Internet…
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TORONTO – Customers with shorter contracts have lower wireless bills and are more satisfied with their service, while SaskTel and Telus’ Koodo Mobile ranked highest in wireless customer satisfaction for the third year in a row, according to a new study released by J.D. Power & Associates.
Among full-service carriers, SaskTel’s score was highest at 727, which was 15 points higher than its 2013 score. The survey noted that SaskTel performed particularly well in terms of network quality, account management, offerings and promotions, customer service, and handset factors.
Koodo Mobile from Telus scored highest among stand-alone carriers with 778 points, up…
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VANCOUVER – Telus recorded a 4.1% jump in profits driven by results in both its wireless and wireline services.
Consolidated operating revenue grew 5.0% to $2.89 billion, up from $2.76 billion last year, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 4.2% to $1.07 billion from $1.03 billion. Net income jumped to $377 million from $362 million in the first quarter of 2013.
The Vancouver-based telco said consolidated revenue growth was generated by 5.6% growth in wireless revenue and 4.4% growth in wireline revenue. In Wireless, revenue was primarily driven by subscriber growth and increased data usage from continued…
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MONTREAL – Telus is set to invest more than $1.3 billion in new infrastructure and facilities across Quebec through 2016, the company said Tuesday.
Telus will spend $640 million across the province this year, the final year of a three-year plan unveiled in 2012, and has committed to invest another $700 million in 2015 and 2016 on infrastructure. Specifically, Telus pledged to connect more households and businesses to fibre optics; expand its 4G LTE network to over 80% of the province’s population by the end of 2014; rapidly deploy 700MHz spectrum for use in rural and urban areas; continue the rollout…
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TORONTO – Can court-ordered mediation help pave the way to a deal between and Telus and Mobilicity?
The struggling wireless carrier said late Friday that Industry Canada has agreed to participate in talks “to mediate any outstanding issues relating to the successful completion” of issues related to Mobilicity's CCAA proceedings, which include Telus’ latest $350 million purchase offer.
“If needed, Mobilicity expects that mediation would proceed over the next few weeks”, reads the statement. Those meetings would be mediated by Warren Winkler, a former chief justice of Ontario who was also involved with Nortel Networks and the CanWest/Shaw Cable restructuring.
In addition…
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VANCOUVER – Telus is equipping taxis in Toronto, Montreal, Calgary and Vancouver with device charging stations to keep Canadians connected while they're on-the-go.
In partnership with Play Taxi Media, the first-ever fleet of taxis in Canada featuring cell phone and tablet chargers will roll out over the coming months in 1,000 vehicles, allowing riders to power up their devices free of charge.
The cabs will be equipped with a power docking station located on the backside of the passenger seat headrest and will work with any phone or tablet, plus be equipped with a note on the window to remind customers…
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TORONTO – Telus really wants to buy Mobilicity and has made another bid for the company, despite the knowledge the federal government really doesn’t want to see this deal happen.
Late Thursday, Data & Audio-Visual Enterprises Holdings and its affiliates (collectively, Mobilicity) announced Telus would acquire it for $350 million. The proposed transaction will move forward under the Companies' Creditors Arrangement Act rules. Mobilicity has been under creditor protection since September.
"The transaction is a good outcome from Mobilicity's restructuring efforts and extensive sales process," said William Aziz, Mobilicity's chief restructuring officer, in the press release. "I am confident the transaction…
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MONTREAL – Telus may appeal a Quebec court decision ordering it to reimburse customers more than $2.6 million for text messaging fees that it collected between 2008 and 2011.
According to a Canadian Press report, the Quebec Superior Court ruled in favour of a class-action suit against Telus that alleges that the Vancouver-based carrier unilaterally changed the terms of contracts for 177,425 customers in Quebec and began to charge 15 cents per incoming text message. If the ruling stands, each customer would be reimbursed about $15.
The company says it notified customers of the price change “well in advance” and offered…
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