BCE to acquire wireless phone retailer Glentel in C$670 mln deal
BCE (TSE:BCE), Canada’s largest telecommunications company, said it would buy its mobile products distributor, Glentel (TSE:GLN), for about C$670 million in cash and stock. Glentel’s shareholders will...
View ArticleNovatel’s int’l business reinvigorates thanks to Middle East, H.C. Wainwright...
Novatel Wireless (NASDAQ:MIFI), a provider of wireless data communications access solutions, had its “buy” rating and $4 price target reiterated today at H.C. Wainwright, which cited the reinvigoration...
View ArticleRogers, BCE share ownership of cellphone retailer Glentel
Rogers Communications (TSE:RCI.B), Canada's largest wireless carrier, and BCE (TSE:BCE), the second-largest, reached a deal that would see each company own 50 percent of Glentel (TSE:GLN), a chain of...
View ArticleEXFO swings to Q1 profit as sales slightly improve
EXFO (NASDAQ:EXFO) (TSE:EXF), which markets fiber optic test and monitoring instruments for the telecommunications industry, swung to a first-quarter profit. Shares gained. Net income was $1.5 million,...
View ArticleNovatel Wireless price target boosted at H.C. Wainwright on escalating sales...
Novatel Wireless (NASDAQ:MIFI), a provider of intelligent wireless solutions for the mobile communications market, had its price target raised at H.C. Wainwright, which cited the company's escalating...
View ArticleRogers rises as Q4 profit tops views, ups dividend by 5%
Shares of Rogers Communications (TSE:RCI.B) rose today after the company's adjusted fourth quarter profit topped analysts' estimates on strength in its wireless and media businesses, while it also...
View ArticleSilicom shares pop after Q4 results; back on growth trajectory, says H.C....
Silicom (NASDAQ:SILC) shares surged on Thursday after the company's fourth quarter results handily beat expectations. "SILC bounced back in a strong fashion in 4Q14 giving investors increased...
View ArticleBCE posts 10% rise in Q4 net on strong wireless gains, ups dividend
BCE (TSE:BCE), Canada’s biggest telecommunications company, reported a better-than-expected 10% rise in fourth-quarter profit and higher revenue, helped by a strong wireless business. Shares gained....
View ArticleNokia, Alcatel-Lucent in merger talks
Nokia Oyj (NYSE:NOK), the Finnish telecommunications giant, is in talks to buy its smaller French competitor Alcatel-Lucent (NYSE:ALU), a deal that would combine the industry's two weakest players. The...
View ArticleVerizon to offer custom pay TV with monthly bundles for $65
Verizon Communications (NYSE:VZ) fell in today’s trading after saying it is rolling out a new pay TV plan that allows consumers to choose every month bundles of channels they want to see. Shares...
View ArticleBCE Q1 profit suffers from $137 mln lawsuit expense, but tops estimates
BCE (TSE:BCE) fell in today’s trading after Canada’s second-largest wireless carrier said its first-quarter profit suffered from a C$137 million expense related to a long-running court battle with...
View ArticleRogers shares rise despite more regulatory interventions by the CRTC
In April, Rogers posted 17 percent lower earnings in its first quarter, which the company attributed in part to the impact of recent CRTC decisions
View ArticleManitoba Telecom to lay off a quarter of its workforce
Shares of Manitoba Telecom Services (CSE.MTB) rose 5.03 percent on Thursday as the company said it would cut the size of its national division Allstream by 25%. The company says that in Winnipeg 100...
View ArticleNokia receives $3 bln bid for mapping business from Uber: Report
Nokia (NYSE:NOK) advanced in morning trades after the Finnish communications-equipment maker reportedly received a bid of as much as $3 billion from car service operator Uber Technologies for its...
View ArticleVerizon Communications to acquire AOL for $4.4 bln
Verizon Communications (NYSE:VZ), the largest U.S. wireless provider, agreed to buy AOL (NYSE:AOL) in a deal valued at $4.4 billion. The acquisition will give Verizon access to AOL’s automated...
View ArticleCharter Communications to acquire Time Warner Cable for $56 bln
Charter Communications (NASDAQ:CHTR) agreed to buy its much larger competitor Time Warner Cable (NYSE:TWC) for $56.7 billion, in a deal that would transform the company into one of America’s largest...
View ArticleNew U.S net neutrality rules go into effect today
New U.S. Internet traffic regulations, known as net neutrality rules, will go into effect today after a federal appeals court rejected the telecommunications industry's request to partly suspend their...
View ArticleOntario Court approves Rogers' takeover of Mobilicity
Shares of Rogers Communications (TSE:RCI.B) rose over 2 percent today as an Ontario court approved the telecom and media giant’s acquisition of wireless service provider Mobilicity for C$440 million....
View ArticleBell Canada says to bring world’s fastest internet to Toronto this summer;...
BCE (TSE:BCE) advanced in morning trades after a unit of Canada’s second-largest wireless carrier said it will spend C$1.14 billion on a gigabit infrastructure project to bring the fast Internet to...
View ArticleCanaccord reiterates hold rating for EXFO
Canaccord Genuity analysts reiterated their ‘hold’ rating for EXFO (NASDAQ:EXFO) in a note issued to investors on June 24, maintaining a US$3.50 target price, which is 8.0 % higher than the stock’s...
View ArticleRogers sells Zoocasa real estate website
Rogers Communications (TSE:RCI.B), Canada's largest wireless carrier, sold online brokerage Zoocasa.com to a group of real estate and technology investors led by Lauren Haw, 10 days after Rogers had...
View ArticleNokia plans to re-enter mobile phone market
Nokia (NYSE:NOK), the Finnish telecoms network maker, confirmed late yesterday that it may start designing and licensing mobile phone handsets under its brand name in 2016. Nokia said it was looking...
View ArticleBCE Bell Media to offer Crave TV streaming to all consumers with intenet access
Shares of BCE Bell Media (TSE:BCE) (NYSE:BCE) were trading 0.54% higher today as CIBC World Markets reiterated its “sector perform" rating for the company, setting a target price of C$57 for the...
View ArticleCogeco Cable's earnings soar in the third quarter
Cogeco Cable (TSE:CGO) posted a third quarter profit of C$64.1 million or C$1.31 per share thanks to growth in the United States cable business and a favorable exchange rate. In the same quarter of...
View ArticleVerizon posts higher than expected earnings in second quarter
Shares of US telecom operator Verizon (NYSE:VZ) were trading 2% lower in New York even as the company posted a slightly higher and better than expected profit in the second quarter, thanks to a higher...
View ArticleBCE posts Q2 EPS in line with estimates
BCE (TSE:BCE) fluctuated between gains and losses as Canada’s largest telecommunications company reported second-quarter earnings in line with analysts’ expectations. Shares were up 0.3 percent at...
View ArticleBCE to divest remaining 15% stake in Globe and Mail to Woodbridge
BCE (TSE:BCE), Canada’s biggest telecommunications company, sold its 15% equity in the Globe and Mail Inc., Canada’s biggest national newspaper, to The Woodbridge Co Ltd. Montreal, Quebec-based BCE...
View ArticleSprint climbs on new ‘iPhone Forever’ plan
Sprint (NYSE:S) jumped more than 12% after saying it plans to offer a new plan that hat makes it easier to upgrade an Apple (NASDAQ:AAPL) iPhone to the newest model when it comes out. Shares of the...
View ArticleAT&T Inc. advises shareholders to hang up on mini-tender
An unsolicited "mini-tender" to buy AT&T (NYSE:T) shares has not been welcomed by the telecommunications giant's board. The offer from TRC Capital, revealed in a regulatory filing after the market...
View ArticleVerizon shares down as boss says 2016 earnings may be flat
Telecoms giant Verizon (NYSE:VZ) was in the news on Thursday as the telecoms giant said earnings next year may be flat, sending shares lower. At the time of writing, shares were down 2.84% at US$44.89...
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