Investing in Canada’s telecoms is dead money – with one exception
Canada's telecommunications industry is struggling, with major providers experiencing falling share prices and layoffs. Quebecor Inc. has emerged as a strong competitor after acquiring Freedom Mobile, which has positively impacted its stock performance. Despite this success, Quebecor's CEO remains critical of the industry's regulatory environment and overall management.
- ▪Major telecom providers in Canada, including BCE, Rogers, and Telus, have seen their share prices decline and are reducing capital expenditures.
- ▪Quebecor Inc. acquired Freedom Mobile for $2.17 billion, positioning itself as a strong competitor in the wireless market.
- ▪Quebecor's stock has increased by 28.43 percent, while its competitors have faced declines in their stock prices.
Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:Despite a stock that is performing well, in part due to Quebecor’s thriving wireless business, CEO Pierre Karl Péladeau is critical of how the telecom industry is being run.Fred Lum/The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountCanada’s telecommunications industry is in bad shape and investors are fed up. The major providers, BCE Inc. BCE-T, Rogers Communications Inc. RCI-B-T and Telus Corp. T-T, have all seen their share prices fall in recent years. All are reducing capital expenditures and laying off employees.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
