13:00:36 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Cogeco Communications Inc
Symbol CCA
Shares Issued 33,797,030
Close 2019-08-21 C$ 106.06
Market Cap C$ 3,584,513,002
Recent Sedar Documents

Globe says Shaw, others crying the blues over CRTC move

2019-08-22 09:12 ET - In the News

See In the News (C-SJR) Shaw Communications Inc

The Globe and Mail reports in its Thursday edition that Shaw Communications and Quebecor have joined other large Internet providers in a chorus of complaints over a new CRTC policy reducing the wholesale rates they can charge smaller competitors. The Globe's Christine Dobby writes that by Wednesday, most of Canada's large cable and telephone operators had issued statements criticizing a decision last week by the CRTA, with the companies saying they are re-evaluating capital-spending programs and, in some cases, considering cutting investments to improve connectivity for rural residents. The CRTC requires large Internet service providers (ISPs) to sell access to their networks to smaller players, which then sell service to their own retail clients. Last week's ruling lowered the prices competitors must pay to use the incumbents' networks, and also ordered most of the large providers to make repayments to their smaller counterparts retroactive to 2016. The system is meant to increase consumer choice. Collectively, Shaw, Quebecor, BCE, Rogers and Cogeco have said they expect to incur $325-million in retroactive payments, and described the decision variously as "unexpected," "disappointing" and "short-sighted."

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