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Telecom Shares Dip in Canada on Spectrum Sticker Shock msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Canada Tells Wireless Firms to Sell Access to Networks Bloomberg 13 hrs ago Derek Decloet and Ilya Banares (Bloomberg) Canada issued new rules to bring down wireless costs, forcing large carriers including BCE Inc. and Rogers Communications Inc. resell access to their networks to smaller players. The decision by the telecommunications regulator makes it easier for regional telecommunications providers such as Quebecor Inc. and Cogeco Communications Inc. to compete on wireless plans with the sector’s three dominant companies Rogers, BCE and Telus Corp. But only companies that own spectrum in Canada will be eligible to participate in the “mobile virtual network operator” framework, cutting out foreign players because of domestic ownership rules. It applies for seven years, according to the decision released Thursday by the Canadian Radio-television and Telecommunications Commission. ....
Canada Tells Wireless Firms to Sell Access to Networks msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Article content (Bloomberg) To finance its $16 billion acquisition of a smaller rival, Rogers Communications Inc. plans to boost its debt load to a level so high that weaker companies would be at risk of being cut to junk. It’s a high-stakes wager that the Canadian telecom company will be able to cut costs and pay down its borrowings quickly after its takeover of Shaw Communications Inc. The company is counting on demand for credit to remain strong after Verizon Communications Inc. sold $25 billion of bonds to help finance purchases of 5G airwaves last week. The debt sale, which tied for the sixth largest U.S. high-grade securities offering ever, garnered $109 billion in demand at the peak. ....