OTTAWA – The Competition Bureau has officially sanctioned Telus’ proposed acquisition of Public Mobile.
The Bureau said Friday in a statement that it has issued a No Action Letter (NAL) with respect to the acquisition after determining that “the proposed transaction is unlikely to substantially lessen or prevent competition in the sale of mobile wireless telecommunications services in Southern Ontario and Greater Montreal." Such a letter confirms that the Bureau has reviewed a specific proposed transaction and concluded that it will not, at this time, challenge that proposed transaction before the Competition Tribunal under the merger provisions of the Competition…
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TORONTO – Telus is partnering with Ericsson on the development and deployment of an IP Multimedia Subsystem (IMS), the foundation for communication services over LTE and other accesses.
The implementation of Ericsson's IMS technology will enable Telus to offer advanced, convergent services in voice, data and video calling over both wireline and wireless networks to its customers across Canada. The contract includes comprehensive systems integration services and technology based on Rich Communication Services (RCS) and Voice over LTE (VoLTE).
"We have a relentless focus on delivering to Canadians world-class entertainment and communication experiences”, said Eros Spadotto, Telus’ EVP of technology strategy…
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TORONTO – Ethnic Channels Group said today it has launched ProSiebenSat1. Welt on Telus on November 4, 2013. This is the first west coast launch of the German-language channel.
ProSiebenSat.1 Welt offers a wide program selection to German-speaking viewers with content from around the globe featuring top general entertainment programming, 24 hours a day, selected from the most popular programs of SAT.1, ProSieben, and Kabel Eins.
"We are very excited to add another great service and build on our current partnership with Telus. The addition of ProSiebenSat.1 Welt will help Telus continue to grow their subscriber base by…
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TORONTO – Telus said Monday that it is on track to implement all necessary requirements of the CRTC’s new Wireless Code of Conduct by the end of the month.
The code, which comes into effect on December 2nd, establishes a common set of rights for all wireless consumers in Canada.
Telus said that it adopted many of these customer-friendly provisions long before the Code was drafted. It is currently modifying policies and procedures to add domestic and international data caps and notifications at $50 and $100 respectively; and, customers who purchase a device outright…
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OTTAWA – The CRTC denied a request from Telus to amend the rates, terms, and conditions applicable to all wholesale high-speed access services, however, it did agree to change Telus’ rates.
The Commission said Tuesday that while it would not review and vary Telecom Decision 2013-73, it would, upon further review, adjust the rate associated with Telus’ 6 megabit-per-second wholesale high-speed access service “on its own motion”.
Its decision, retroactive to November 15, 2011, is based upon further review of the costs associated with that service, continued the decision.
www.crtc.gc.ca
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VANCOUVER – Telus saw third quarter revenues grow 3.6% and profits increase 13% on the strength of its wireless unit.
Revenues grew $2.87 billion from $2.77 billion a year earlier, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 4.6% to $1.04 billion. EBITDA excluding restructuring and other like costs increased by 5.7% to $1.05 billion.
Net income increased 10.2% from $323 million to $356 million year-over-year, while adjusted net income rose 13% to $365 million.
Telus said that the increase in consolidated revenue was generated by a 5% growth in wireless network revenue and a 3% growth in wireline revenue. …
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TORONTO – Thousands of Telus small business customers can help foster the next generation of entrepreneurs, just by picking up a new smartphone for their own work.
During the month of November, Telus will donate $50 on behalf of every small business customer that purchases a new smartphone on a Telus Small Business SharePlus Plan to the Canadian Youth Business Foundation (CYBF). The donation will directly support Canada's emerging young businesspeople through the Foundation's Entrepreneurs-In-Residence (EIR) mentoring and training program.
The EIR program offers young entrepreneurs personal coaching as well as face-to-face and…
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OTTAWA – The federal government has quashed another try by Mobilicity to sell itself to Telus.
According to a Globe and Mail report on Wednesday, Industry Canada confirmed late Tuesday that it provided a confidential answer to Mobilicity about a potential transaction that the small carrier was trying to complete while under court protection from its creditors. Although IC declined to comment on the substance of its response, the story says that sources confirmed that government officials turned down the proposed sale.
Telecom analyst Dvai Ghose, Managing Director/Head of Research for Canaccord Genuity,…
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TORONTO – Telus may still have an opportunity to buy Mobilicity after an Ontario court awarded the struggling wireless carrier more time to restructure its business and complete a potential sale.
According to a Globe and Mail report on Friday, the Ontario Superior Court of Justice has extended the “stay period” during which the small carrier is shielded from any new or existing legal actions from October 30 until December 20, 2013.
Mobilicity had asked for additional time to secure the federal government’s approval for a proposed sale, though declined to identify its potential buyer. …
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VANCOUVER – Telus announced Wednesday evening it will buy Public Mobile.
“Following our review of strategic options for our organization, Telus stood out as the company most committed to strong customer service and innovation. We are confident this is the right decision for our customers, our company, our employees and our investors,” said Alek Krstajic, Public Mobile CEO, in a joint press release. “This transaction is the best option to guarantee continued quality service for our customers and to maximize the opportunity for our employees and investors.”
Pending approval from the Competition Bureau following today’s approval by Industry…
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