TORONTO, June 7 (Reuters) – The Canadian dollar hit its
strongest level against the U.S. dollar since mid-May on Friday
after data showed the Canadian economy added a robust 95,000
jobs last month.
The stellar performance beat market expectations for a
15,000 gain and was the largest monthly addition of new jobs in
TORONTO (Reuters) – Canadian telecom startup Public Mobile, which has been bought by venture capital firm Thomvest and private equity firm Cartesian Capital, said on Thursday it sees a need for consolidation among new entrants in a sector dominated by industry behemoths.
The need to combine Wind, Public Mobile and Mobilicity – the three main struggling industry startups – is pressing, said Alek Krstajic, the chief executive of Public Mobile, but he stressed that he does not necessarily see his company as an acquirer, or the one taking a lead role in the consolidation process.
TORONTO (Reuters) – Anthony Lacavera, the entrepreneur behind the launch of Wind Mobile, said on Tuesday his group is interested in buying Mobilicity after the Canadian government effectively blocked Telus Corp’s (T.TO: Quote, Profile, Research, Stock Buzz) bid for the small wireless company.
The possible combination of the two small wireless carriers would compliment Ottawa’s push to boost competition in the telecommunications sector after the federal government on Tuesday, for the time being, effectively blocked large established providers from buying airwaves from struggling new players.