TORONTO, July 31 (Reuters) – Regional Canadian telecom and
media conglomerate Quebecor Inc posted a much smaller
second-quarter net loss on flat revenue on Thursday, as
cost-cutting in its media unit offset weakness in its wireless
and cable arm.
Quebecor Media, in which the company holds a 75 percent
stake, took a C$190 million charge due to a transition to
digital and challenging market conditions in the newspaper
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TORONTO, July 25 (Reuters) – IBM Corp’s recent move
to partner with Apple Inc to sell iPhones and iPads
loaded with corporate applications has excited investors in both
companies, but two rivals say they are unperturbed for now.
Top executives at Dell and BlackBerry Ltd scoffed at
the threat posed by the alliance this week, arguing the tie-up
is unlikely to derail the efforts of their own companies to
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.