TORONTO August 1 (Reuters) – Canada’s three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases.
BCE Inc (BCE.TO: Quote, Profile, Research, Stock Buzz), Rogers Communications Inc (RCIb.TO: Quote, Profile, Research, Stock Buzz) and Telus Corp (T.TO: Quote, Profile, Research, Stock Buzz) dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canada’s telecom giants are pushing into uncharted businesses.
OTTAWA/TORONTO, July 31 (Reuters) – The recent hacking
attempt on a sensitive Canadian government computer network is
similar to attacks mounted by an elite unit of the Chinese army
based in Shanghai, according to a cybersecurity expert.
Canada said on Tuesday “a highly sophisticated Chinese
state-sponsored actor” had broken into the National Research
Council, a leading research body that works with major companies
such as aircraft and train maker Bombardier Inc.
Beijing on Thursday accused Canada of making irresponsible
accusations that lacked credible evidence.
TORONTO, July 31 (Reuters) – Canada’s largest wireless
company, Rogers Communications Inc, used exclusivity
clauses and high rates in the roaming agreements it signed with
new wireless entrants to unfairly discriminate against them, the
country’s telecom regulator said on Thursday.
The Canadian Radio-television and Telecommunications
Commission (CRTC) said it would prohibit such provisions, and
that a new law has already forced rates to come down.
TORONTO (Reuters) – Canadian media and cable company Shaw Communications Inc said it would buy data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis.
Shaw said the acquisition would help accelerate the development of its Canadian data center platform.
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.