Cheap international calling cards Cheap card
Buy phone card
Best rates cards
Your account
1. Choose from and where you'll call
from to
2. Buy a phone card you selected
3. Get your PIN code on e-mail immediately
     

CRTC Rejects Globalive’s Bid to Operate Wireless Network in Canada


27/10/2009

Toronto-based cable and media giant, Rogers Communications, reported higher-than-expected third-quarter profits today, as strong mobile data revenues continued to cushion its bottom line.

Net income fell slightly to C$485 million, or $0.79 per share, from C$495 million in the same period a year earlier. Excluding one-time costs, however, the company generated $0.82/share in profits, greatly exceeding the $0.54/share average estimate of industry analysts.

Mobile data revenue increased by 46% compared to last year, as Rogers Wireless continued to benefit from its monopoly on the Apple iPhone in Canada. Now that rivals Bell and Telus are launching their own HSPA data networks, however, Rogers is sure to experience intense competition in the 3G smartphone market. The iPhone, and a host of other devices previously available only through Rogers, will soon be sold by all three of Canada’s major carriers.

“It was a good quarter but, fundamentally, the problem is you`ve lost your HSPA monopoly and you`re going to have market share pressure as a result as the other guys have the same devices as you do,” said Genuity Capital Markets analyst, Dvai Ghose, advising Rogers shareholders to ‘hold’ but not ‘buy’ the company’s stock.

Rogers shares jumped $1.56, or 5.4% today, to close at $30.46 on the Toronto Stock Exchange.



 

Related News

 
CRTC Allows Telus and Bell Canada to Set Free Market Local Phone Rates
24/11/2006
Canada`s biggest telephone providers, BCE Inc. and Telus Corp., have won the right to set their own prices on some fixed-line phone services, provided that they fall within a range approved by the Canadian Radio and Telecommunications Commission.The phone companies...
 
CRTC Rejects Bell-Telus Plan to Waive Telephone Connection Fees
05/06/2007
CRTC regulators have rejected a plan by Canada’s top telecom providers that would have done away with connection fees for new and returning customers, while increasing local phone rates by $0.58 to $1.00 per month to compensate for the lost revenue.The...
 
CRTC to Establish Do-Not-Call Registry in Canada
11/08/2008
Beginning on September 30, Canadians will be able to add their names to a do-not-call list similar to the one available in the United States, according to a recent statement by the CRTC.Canadians who add their name to the registry will be able to avoid pesky calls from...
 
CRTC Considers Tweaking Canada’s Do-Not-Call List
21/10/2008
Canada’s telecom regulator said yesterday that it is considering a number of minor changes to its recently-implemented national do-not-call registry.One issue on the CRTC’s agenda is fairness to independent political candidates, who are not members of...
 

Best rates calling cards from:

Albania
Angola
Argentina
Armenia
Australia
Austria
Belarus
Belgium
Bermuda
Bolivia
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Canada
Chile
China
Colombia
Costa Rica
Croatia
Cuba Guantanamo
Cyprus
Czech Rep.
Denmark
Dominica
Ecuador
Egypt
El Salvador
Estonia
Fiji Isl.
Finland
France
French Antilles
French Guiana
Georgia
Germany
Ghana
Gibraltar
Greece
Guadeloupe
Guam
Guatemala
Haiti
Hong Kong
Hungary
Iceland
India
Indonesia
Iraq
Ireland
Israel
Italy
Ivory Coast
Jamaica
Japan
Kazakhstan
Kenya
Korea South
Kuwait
Latvia
Liechtenstein
Lithuania
Luxembourg
Macao
Macedonia
Malawi
Malaysia
Malta
Mauritius
Mexico
Monaco
Nepal
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Palestine
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Romania
Russia
Saudi Arabia
Senegal
Serbia
Singapore
Slovakia
South Africa
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Turkey
Uganda
United Kingdom
Ukraine
Uruguay
Unated States
Uzbekistan
Vatican
Venezuela
Yemen
Zambia
Zimbabwe
Home | News | Legal | References | Help | Feedback | Account | Order card | Country codes | Best rates Copyright © 2008 CheapCard.org