Correspondent, Toronto, Canada
Alastair's Feed
Oct 15, 2013

Telus sues AMC over threatened shutdown in contract dispute

TORONTO (Reuters) – Canadian telecom company Telus Corp is suing AMC to stop the maker of hit television shows “Mad Men” and “Breaking Bad” from withholding its content by the end of the month as it pushes for higher fees, a legal filing showed.

In the complaint, dated October 11 and filed in a New York court, Telus said AMC is using strong-arm tactics to renegotiate terms of a long-standing deal, and that, contrary to AMC’s claims, it has never breached the terms of that deal.

Oct 15, 2013

TSX falls as U.S. talks make investors nervous

TORONTO, Oct 15 (Reuters) – Canada’s main stock index
slipped slightly in early trade on Tuesday, as nervous investors
looked to Washington for progress on fiscal negotiations to
avert a damaging U.S. debt default.

Hopes of a deal rose after U.S. Senate Majority Leader Harry
Reid, a Democrat, and his Republican counterpart, Mitch
McConnell, ended a day of talks on Monday, with Reid saying they
had made “tremendous progress”.

Oct 12, 2013
Oct 10, 2013

BlackBerry co-founders considering bid for company

TORONTO, Oct 10 (Reuters) – BlackBerry Ltd
co-founders Mike Lazaridis and Douglas Fregin are considering a
bid to buy the struggling smartphone maker, according to a
securities filing on Thursday, raising the prospect of an
alternative to a $4.7 billion offer led by its top shareholder.

The filing did not indicate whether the pair was planning to
join or to present an alternative to a tentative $9-a-share bid
by a group led by Fairfax Financial Holdings Ltd.
Fairfax, which is headed by financier Prem Watsa, has not yet
identified other members of the group.

Oct 10, 2013

BlackBerry co-founder considers bid to buy company -filing

TORONTO, Oct 10 (Reuters) – BlackBerry Ltd
co-founder Mike Lazaridis has increased his stake in the
struggling smartphone maker and is considering buying the entire
company, according to a securities filing on Thursday.

Lazaridis, who now owns 8 percent of the company, has
engaged Goldman Sachs and Centerview Partners LLC to assist with
a strategic review of his stake. He held almost 5.7 percent as
of the end of 2012, according to Thomson Reuters data.

Oct 10, 2013
Oct 9, 2013
Oct 9, 2013

Analysis: Canada veto complicates BlackBerry, telecom deal making

TORONTO (Reuters) – When Canada blocked the sale of a fiber optic network to a company backed by an Egyptian telecom tycoon this week, it telegraphed its resolve to make national security paramount when considering whether to allow a foreign firm to acquire what it considers a strategic asset.

That warning may effectively limit the pool of would-be buyers of BlackBerry Ltd or foreigners interested in Canada’s telecom industry, and it could rule out all but a few well-established players based in North America, industry executives, lawyers and analysts say.

Oct 9, 2013

Canada veto complicates BlackBerry, telecom deal making

TORONTO, Oct 9 (Reuters) – When Canada blocked the sale of a
fiber optic network to a company backed by an Egyptian telecom
tycoon this week, it telegraphed its resolve to make national
security paramount when considering whether to allow a foreign
firm to acquire what it considers a strategic asset.

That warning may effectively limit the pool of would-be
buyers of BlackBerry Ltd or foreigners
interested in Canada’s telecom industry, and it could rule out
all but a few well-established players based in North America,
industry executives, lawyers and analysts say.

Oct 9, 2013

TSX inches higher on Yellen news

TORONTO, Oct 9 (Reuters) – Canada’s main stock index was
slightly higher on Wednesday, with broad gains notched by
banking, energy and telecom stocks offsetting a decline in gold
mining stocks as investors took some comfort from the pending
nomination of a new Federal Reserve chief.

The optimism about the nomination of Janet Yellen to run the
U.S. central bank – she is expected to tread carefully in
winding down economic stimulus that has bolstered stocks – was
subdued however by the ongoing shutdown of the U.S. government.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
    • More from Alastair

    • Contact Alastair

    • Follow Alastair