06:41:36 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 840,536,626
Close 2015-05-21 C$ 53.58
Market Cap C$ 45,035,952,421
Recent Sedar Documents

Globe says BCE, rivals see end to three-year contracts

2015-05-22 09:14 ET - In the News

Also In the News (C-RCI) Rogers Communications Inc
Also In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Friday, May 22, edition that three-year cellphone contracts end in June. The Globe's Christine Dobby writes that the Canadian Radio-Television and Telecommunications Commission set June 3 as the deadline for the wireless code to apply to all contracts. Ms. Dobby says that will leave a wave of customers under three-year contracts able to cancel with no penalty. She says this, combined with the routine expiry of two-year contracts, has created what the industry calls the "double cohort," a period of increased competition for customers not tied to a contract. Some carriers launched a legal challenge saying the CRTC was retroactively interfering with contractual rights, but the Federal Court of Appeal dismissed the case this week. Representatives for the Big Three carriers -- Rogers Communications, Telus and BCE -- all said Thursday they do not plan to appeal the decision further and will comply with the terms of the code. To prepare for the increased number of free agents this deadline will create, wireless carriers have been taking steps to convince customers to stay, as well as preparing to spend more on customer acquisition during this period.

© 2024 Canjex Publishing Ltd. All rights reserved.