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Wednesday, June 18, 2014

Canada's Quebecor could buy smaller rivals in wireless expansion -CEO, (NYSE: BCE), (TSE: BCE.TO), (NYSE: RCI)

Quebecor Inc would consider buying small rivals to become a national wireless carrier that reaches most Canadians, its new chief executive officer said on Wednesday. The provincial telecom and cable company recently bought wireless airwaves outside Quebec and the company's Videotron arm already connects half a million wireless customers in the mostly French-speaking province.CEO Pierre Dion told a telecom conference that Quebecor would be willing to become Canada's fourth national carrier "under the right conditions.""We are uniquely positioned to provide highly attractive wireless plans to Canadians looking for top-quality service at very competitive prices," he said, according to a speech prepared for delivery.Dion said the company is also considering buying either Wind Canada or Mobilicity or both. The two operators joined a cosy marketplace after a 2008 auction but have struggled to challenge the dominance of BCE Inc, Telus Corp, and Rogers Communications.

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 traded higher by 0.33% or $0.15/share to $45.78. In the past year, the shares have traded as low as $38.72 and as high as $46.70. On average, 601772 shares of BCE exchange hands on a given day and today's volume is recorded at 473799.

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 traded higher by 0.2% or $0.1/share to $49.66. In the past year, the shares have traded as low as $40.58 and as high as $51.09. On average, 960456 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 655135.

Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI fell by 0.3% or $-0.12/share to $40.10. In the past year, the shares have traded as low as $37.00 and as high as $46.10. On average, 339112 shares of RCI exchange hands on a given day and today's volume is recorded at 251458.



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