If Telus Corp hopes to press its advantage in an upcoming auction of wireless airwaves, the Canadian telecom may need to abandon its plan to snatch a floundering rival out of creditor protection and back away from a nasty fight with the government.Canada's Conservative government has aggressively opposed the carrier's expansion plans, which Ottawa sees as a challenge to its policy of encouraging more competition in an industry dominated for years by Telus and its two main rivals, BCE Inc and Rogers Communications Inc.In effect, Ottawa has warned the entire industry that it will not tolerate any move that could interfere with its initiative.The government has already blocked two previous offers by Telus to swallow Mobilicity, a low-cost carrier that owns valuable spectrum assets. The third attempt, a C$350 million ($317 million) bid, was announced late last week by Mobilicity and its court-appointed monitor.
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 0.14% or $-0.06/share to $43.93. In the past year, the shares have traded as low as $38.72 and as high as $48.06. On average, 699192 shares of BCE exchange hands on a given day and today's volume is recorded at 570989.
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 0.12% or $-0.06/share to $48.46. In the past year, the shares have traded as low as $40.58 and as high as $49.12. On average, 1103280 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 1072921.
Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI fell by 1.08% or $-0.42/share to $38.31. In the past year, the shares have traded as low as $37.00 and as high as $50.10. On average, 498915 shares of RCI exchange hands on a given day and today's volume is recorded at 345951.
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