Euan's Feed
Aug 12, 2013

BlackBerry says to explore strategic alternatives

TORONTO (Reuters) – Canadian smartphone maker BlackBerry, struggling to compete in a difficult market, has set up a committee to look at options, including joint ventures, partnerships or a sale of the company.

In a statement released before the market opened on Monday, the company said board member Timothy Dattels, an investment banker and former Goldman Sachs executive, will chair the new committee, which will also include Blackberry Chief Executive Thorsten Heins.

Aug 10, 2013

Analysis: Taking BlackBerry private may make sense, but not a quick fix

NEW YORK/TORONTO (Reuters) – A deal to take BlackBerry Ltd private could make sense from a financial standpoint, say private equity executives, though any such move won’t by itself make the smartphone company more competitive.

The numbers for a leveraged buyout could still work, these executives said, after a Reuters report that BlackBerry’s board was warming up to the possibility of going private as it fights to revive its fortunes.

Aug 10, 2013

Taking BlackBerry private may make sense, but not a quick fix

NEW YORK/TORONTO, Aug 10 (Reuters) – A deal to take
BlackBerry Ltd private could make sense from a
financial standpoint, say private equity executives, though any
such move won’t by itself make the smartphone company more
competitive.

The numbers for a leveraged buyout could still work, these
executives said, after a Reuters report that BlackBerry’s board
was warming up to the possibility of going private as it fights
to revive its fortunes.

Aug 8, 2013

Analysis: Ottawa set to leave telecom door open for Verizon

TORONTO (Reuters) – Canada’s wireless industry is bracing for its biggest shakeup in decades as Ottawa appears impervious to pleas that it block U.S. giant Verizon Communications Inc from the lucrative market.

The three big domestic players, Rogers Communications Inc, BCE Inc’s Bell and Telus Corp, which cater to 90 percent of the country’s wireless subscribers, have launched a massive public relations campaign against rules designed to increase competition.

Aug 8, 2013

Ottawa set to leave telecom door open for Verizon

TORONTO, Aug 8 (Reuters) – Canada’s wireless industry is
bracing for its biggest shakeup in decades as Ottawa appears
impervious to pleas that it block U.S. giant Verizon
Communications Inc from the lucrative market.

The three big domestic players, Rogers Communications Inc
, BCE Inc’s Bell and Telus Corp, which
cater to 90 percent of the country’s wireless subscribers, have
launched a massive public relations campaign against rules
designed to increase competition.

Aug 2, 2013

Rogers designs plan to thwart Verizon move into Canada

TORONTO, Aug 2 (Reuters) – Rogers Communications Inc
, Canada’s largest wireless company, is attempting to
thwart Verizon Communications Inc’s entry into the
country by backing a private equity bid for two small carriers
that the U.S. telecom giant wants to acquire.

According to sources familiar with the deal, Rogers wants to
help Toronto-based Birch Hill Equity Partners fund a purchase of
controlling stakes in Wind Mobile and Mobilicity, which entered
the Canadian market less than five years ago.

Jul 30, 2013

Telus challenges Ottawa’s wireless policy in court

TORONTO, July 30 (Reuters) – The battle between Canada’s
three large wireless carriers and the Canadian government
escalated on Monday with one of the incumbents, Telus Corp
, taking the government to court over a recent decision
over the transfer of spectrum licenses.

Telus said in filings with the Federal Court in Ottawa that
it is seeking clarity on the legality of the government’s
decision last month, which potentially changes the rules around
transferring bandwidth rights between carriers.

Jul 25, 2013

Analysis: As Canada’s junior miners flounder, long-term damage looms

TORONTO (Reuters) – Hundreds of small mineral exploration companies may have their stock delisted by Canada’s TSX Venture Exchange in the coming months, choking off a development pipeline that has long supplied major miners with new projects.

As commodity prices boomed in the last decade, a flood of new issuers swelled the ranks of the Venture, TMX Group Inc’s exchange for small-capitalization companies, burnishing Canada’s reputation as the center of global mining finance.

Jul 25, 2013

As Canada’s junior miners flounder, long-term damage looms

TORONTO (Reuters) – Hundreds of small mineral exploration companies may have their stock delisted by Canada’s TSX Venture Exchange in the coming months, choking off a development pipeline that has long supplied major miners with new projects.

As commodity prices boomed in the last decade, a flood of new issuers swelled the ranks of the Venture, TMX Group Inc’s (X.TO: Quote, Profile, Research) exchange for small-capitalization companies, burnishing Canada’s reputation as the centre of global mining finance.

Jul 22, 2013

Intact Financial expects train crash, floods to hurt results

TORONTO, July 22 (Reuters) – Property and casualty insurer
Intact Financial said it expected quarterly results
would be hurt by losses from a train derailment and fiery
explosion in a Quebec town and storm and flood damage in
Canada’s oil capital, Calgary, and Toronto, the country’s
largest city.

The Toronto-based insurer also hinted on Monday that it may
seek to raise premiums, or alter coverage offered to its clients
following damage caused by the flooding and torrential rain in
June and early July.

    • About Euan

      "Euan Rocha covers mining and minerals in Canada, where he focuses on gold, base metals and fertilizer companies. Euan, who is currently based in Toronto, has previously worked with Reuters in the United States and India. While based in New York for four years, Euan headed the Reuters Alerts team, before moving on to cover the U.S. chemical industry. Euan began his career with Reuters in Bangalore, India in 2004."
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