Telus Corp.’s purchase of mobile- phone provider Mobilicity and the potential sale of another new entrant, Wind Mobile, is casting doubt on Canada’s ability to increase competition in the wireless market.
Rogers Communications Inc. Chief Executive Officer Nadir Mohamed plans to retire next January, a surprise move that sent Canada’s largest wireless carrier in search of a new leader for the second time in four years.
Quebecor Inc. agreed to pay C$1.5 billion ($1.5 billion) to Canada’s second-biggest pension fund manager to increase its control of media and wireless assets in French-speaking Quebec, where it competes with BCE Inc.
BCE Inc., Canada’s second-largest wireless carrier, reported higher quarterly profit as customers spent more surfing the Web on premium devices like Apple Inc.’s iPhone. The company also raised its dividend.
Telus Corp., Canada’s third-largest wireless carrier, reported a bigger gain in third-quarter profit than analysts anticipated after adding more mobile subscribers than rivals BCE Inc. and Rogers Communications Inc.