New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 7, 2014
13:41 EDTTU, RCI, BCETELUS, Rogers retreat after Canada discloses auction rules
Shares of large Canadian wireless carriers TELUS (TU) and Rogers (RCI) are falling after the Canadian government indicated that it would sell wireless spectrum to smaller telecom companies. WHAT'S NEW: The Canadian government announced today that it would sell new wireless spectrum in an auction beginning next year. A 30MHz block of spectrum will be sold to one company in each market, the government stated. ANALYST REACTION: In a note to investors, Bank of America Merrill Lynch responded to the news by lowering its rating on Rogers Communications and TELUS to Neutral from Buy. Under the rules announced by the Canadian government, only companies with market shares of less than 10% will be able to purchase the spectrum that will be auctioned off next year, analyst Glenn Campbell stated. As a result, Campbell now expects Rogers and TELUS to each have a 27% share of the country's wireless market in 2025, down from his previous estimate of a 28% share. He cut his price target on TELUS to $36 from $38 and on Rogers to $38.75 from $40.50. ANOTHER TO WATCH: Like TELUS and Rogers, BCE Inc. (BCE) provides communication services to residential, business and wholesale customers in Canada. PRICE ACTION: In mid-afternoon trading, TELUS shares trading in New York dropped 2.1% to $36.54, Rogers fell 2% to $39.69 and BCE slid 1.2% to $45.05.
News For TU;RCI;BCE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 22, 2014
10:09 EDTTU, RCI, BCEOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:45 EDTRCIRogers Communications initiated with a Neutral at UBS
Subscribe for More Information
06:44 EDTTUTELUS initiated with a Neutral at UBS
06:44 EDTBCEBCE initiated with a Neutral at UBS
October 20, 2014
08:03 EDTBCEBell Aliant Regional Communications to send circular to shareholders
Subscribe for More Information
07:44 EDTRCIRogers Communications upgraded to Buy from Hold at Canaccord
Subscribe for More Information
October 15, 2014
05:39 EDTBCEBell Media signs content deal with United Artists, Highway Entertainment
Bell Media, part of BCE (BCE), announced from MIPCOM a multi-faceted partnership with United Artists Media Group, a newly formed joint venture among MGM (MGM), Mark Burnett, Roma Downey, and Hearst Entertainment, and Omnicom Canada's (OMC) Highway Entertainment to create new television formats for Canadian and international audiences. As a result of the partnership, pilots for several new formats are currently in development and pre-production at Bell Media, parent company of conventional broadcaster CTV. Terms of the deal were not released.
October 14, 2014
16:12 EDTBCEBCE CFO Siim Vanaselja to retire
BCE Inc. and Bell Aliant announced that Siim Vanaselja, CFO of BCE and Bell Canada, will retire in the second quarter of 2015. Glen LeBlanc, currently CFO of BCE affiliate Bell Aliant, will become CFO of BCE and Bell Canada at that time.
13:22 EDTRCIRogers Communications names Jacob Glick as Chief Corporate Affairs Officer
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use