Correspondent, Toronto, Canada
Alastair's Feed
Jun 27, 2013

Canada regulator approves BCE’s Astral bid with conditions

OTTAWA/TORONTO (Reuters) – Canada’s broadcast regulator approved a C$3 billion ($2.86 billion) bid by BCE Inc (BCE.TO: Quote, Profile, Research, Stock Buzz), the country’s biggest telecoms company, to take over Astral Media Inc (ACMa.TO: Quote, Profile, Research, Stock Buzz) on Thursday, a deal that will provide BCE with more content to distribute to television, computer and mobile screens.

The regulator, the Canadian Radio-television and Telecommunications Commission (CRTC), had initially rejected the deal last year, saying it would make BCE far too dominant. BCE and Astral subsequently revised their agreement and promised to divest 11 television channels and 10 radio stations.

Jun 27, 2013
Jun 26, 2013
Jun 26, 2013
Jun 26, 2013

Verizon eyes Canadian wireless start-ups

TORONTO, June 26 (Reuters) – Verizon Communications Inc
has offered to buy Canadian telecom startup Wind Mobile
and is in talks to acquire Mobilicity, as it seeks to challenge
Canada’s three big wireless providers, sources familiar with the
deals said on Wednesday.

One of the sources said Verizon had last week presented a
tentative offer of $600 million to $800 million for Wind Mobile,
with final pricing subject to due diligence. Another source
cited Verizon’s talks with Mobility, a rival startup.

Jun 26, 2013

Verizon makes bid for Wind to get Canada market foothold

TORONTO, June 26 (Reuters) – Verizon Communications Inc
has offered to buy Canadian telecommunications startup
Wind Mobile and is also in talks with rival startup Mobilicity
as it makes proposals that could create a viable competitor to
the three wireless operators that now dominate the Canadian
market.

One source familiar with the matter said Verizon presented a
tentative offer of $600 million to $800 million for Wind Mobile
last week, with final pricing depending on its due diligence.

Jun 26, 2013

Verizon bids for Canada’s Wind, talks with Mobilicity – sources

TORONTO (Reuters) – Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) has offered to buy Canadian telecommunications startup Wind Mobile and is also in talks with rival startup Mobilicity over a potential deal, according to sources familiar with the situation.

Verizon came forward with a tentative offer for Wind last week with an offer of $600 million to $800 million, with more specific pricing pending due diligence, said one source familiar with the situation.

Jun 25, 2013

New Canadian stock exchange seeks to challenge dominant TMX

TORONTO (Reuters) – Canada’s largest bank and some of its most influential fund managers plan to set up a new stock exchange to challenge the dominant TMX Group Ltd, one that would limit the role of controversial high-frequency trading strategies.

The new exchange operator, Aequitas Innovations Inc, will be backed by Royal Bank of Canada (RY.TO: Quote, Profile, Research) and other institutions not involved in the 2012 takeover of TMX, which operates the Toronto Stock Exchange.

Jun 25, 2013

Royal Bank, others plan new Canadian stock exchange

TORONTO, June 25 (Reuters) – Canada’s largest bank and some
of its most influential fund managers plan to set up a new stock
exchange to challenge the dominant TMX Group Ltd, one
that would limit the role of controversial high-frequency
trading firms.

The new exchange operator, Aequitas Innovations Inc, will be
backed by Royal Bank of Canada and other institutions
not involved in the 2012 takeover of TMX, which operates the
Toronto Stock Exchange.

Jun 19, 2013
    • 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
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