TORONTO, Feb 12 (Reuters) – Rogers Communications Inc
, Canada’s largest wireless telephone company, reported
quarterly results on Wednesday that were much weaker than
expected, blaming regulator-mandated changes to its wireless
pricing that hit revenue and profit.
Shares in Rogers fell more than 5 percent to a five-month
low after the company, also a major cable-TV provider, released
the results and pointed to more tough times ahead.
For telcos, the federal budget includes only reminders about rules that have already been drafted, it seems. #cdnpoli
TORONTO (Reuters) – BCE Inc, Canada’s biggest telecommunications company, posted a 17 percent rise in adjusted quarterly profit and raised its dividend on Thursday, helped by strong growth in its media wing and ongoing strength in wireless.
The Montreal-based parent of Bell has moved forcefully into a leading position in the media industry in recent years with several large acquisitions, while creeping up on market leader Rogers Communications Inc in wireless and launching an updated Internet-based television product.
TORONTO (Reuters) – TMX Group Ltd (X.TO: Quote, Profile, Research, Stock Buzz), the owner of Canada’s main stock exchange, on Wednesday reported a fourth-quarter profit well above analysts’ estimates as trading activity showed early signs of recovery.
TMX, which owns the Toronto Stock Exchange, has struggled to offset the cyclical swing away from commodities as resource companies play a major role in issuance in Canada.