11:00:22 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 778,126,130
Close 2014-09-18 C$ 48.09
Market Cap C$ 37,420,085,592
Recent Sedar Documents

Post says Telus, others get dose of federal caprice

2014-09-18 07:11 ET - In the News

See In the News (C-T) Telus Corp (2)

The Financial Post reports in its Thursday edition Mobilicity entered the wireless market in 2008 amid high hopes of giving established wireless players a run for their money. Guest columnist Michel Kelly-Gagnon says today, the company is under court protection from its creditors, and its original investors are suing the feds for $1.2-billion. Mobilicity found that in addition to the normal economic risk that comes from exposure to market forces, there is also the unpredictable political risk that comes from exposure to government forces. This happens when politicians and bureaucrats change the rules of the game after the game is already under way. Canadian government has for several years now been fixated on the goal of promoting the emergence of a fourth wireless carrier in each of Canada's regional markets. It does not seem to matter if those markets can support four players. Originally, they were prevented from acquiring the spectrum set aside for companies like Mobilicity for a period of five years. Those five years are up but the feds have changed the rules, ostensibly to prevent increased concentration in the wireless sector. Mobilicity's investors are taking a stand, and we can all thank them for that.

© 2024 Canjex Publishing Ltd. All rights reserved.