Canadian Industry Minister James Moore said on Thursday he plans to announce a decision soon on whether or not to approve Telus Corp's C$350 million ($317.42 million) bid for Mobilicity. The federal government has twice rejected previous Telus offers for the struggling wireless upstart on the grounds that a purchase would further concentrate ownership of wireless spectrum, the airwaves telecom companies rely on for booming mobile data use.Moore noted those prior rejections and said Ottawa's spectrum transfer policy had not changed."I will have a comment in more detail soon on that," he said on a phone call with reporters. "With that particular transaction I'll have more to say on that soon."Canada's wireless industry is dominated by three companies: Telus, Rogers Communications, and BCE Inc.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE fell by 0.11% or $-0.05/share to $43.99. In the past year, the shares have traded as low as $38.72 and as high as $48.06. On average, 698236 shares of BCE exchange hands on a given day and today's volume is recorded at 727869.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE fell by 0.02% or $-0.01/share to $48.52. In the past year, the shares have traded as low as $40.58 and as high as $49.12. On average, 1113950 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 788646.
Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI fell by 0.31% or $-0.12/share to $38.73. In the past year, the shares have traded as low as $37.00 and as high as $50.10. On average, 500392 shares of RCI exchange hands on a given day and today's volume is recorded at 336414.
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