TORONTO, July 24 (Reuters) – Rogers Communications Inc
posted a 24 percent decline in second-quarter net
income on Thursday, as it added fewer-than-expected wireless
The Toronto-based company said net income dropped to C$405
million ($377.76 million), or 79 Canadian cents a share, from
C$532 million, or C$1.03 a share, a year ago. Revenue was
stagnant at C$3.21 billion, despite several data center and
cable network acquisitions in the last year.
TORONTO (Reuters) – Canada’s largest telecom company, BCE Inc, said on Wednesday it will pay C$3.95 billion ($3.68 billion) to take regional telecom Bell Aliant BA.TO private, buying the 56 percent stake it does not already own to cut expenses and bolster its offerings in Atlantic Canada.
Toronto-based BCE said the deal will result in C$100 million in annual cost savings, partly due to the elimination of duplicate public company costs.
TORONTO, July 22 (Reuters) – The Canadian government on
Tuesday invited remote communities across the country that don’t
have high-speed Internet access to make a claim on some of the
C$305 million ($284 million) it plans to spend over the next
three years to upgrade access.
But consumer group OpenMedia.ca was skeptical of the move,
skewering both the Conservative government and Canada’s telecom
companies for failing to finish earlier projects on time or to
the scale required.