TORONTO, June 28 (Reuters) – The Canadian government will
review all commercial transfers of wireless airwave licenses,
including option agreements, and reject any deals that would
lead to undue concentration, it said on Friday.
The new rules come after two of Canada’s biggest telecom
companies – Rogers Communications Inc and Telus Corp
– made moves to acquire spectrum owned by smaller
TORONTO (Reuters) – BlackBerry offered few signs of a long-promised turnaround on Friday, with an unexpected quarterly operating loss, a dearth of details on sales of its make-or-break new line of devices and no return to profit expected in the current quarter.
BlackBerry shares tumbled about 28 percent in both U.S. and Toronto trading.
The Canadian smartphone maker, which has struggled to compete against Apple Inc’s iPhone, Samsung’s Galaxy phones and other devices powered by Google’s Android operating system, said smartphone sales were up 13 percent from the previous quarter, a period when buyers waited for the BB10 phones to hit the market.
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.