Plunging commodity stocks led by Iamgold Corp. are overshadowing gains by seven out of 10 industry groups in Canada’s top equity index as companies from Valeant Pharmaceuticals International Inc. to Telus Corp. benefit from better prospects for earnings and dividend growth.
Telus Corp., Canada’s third-largest wireless carrier, is in talks to buy Mobilicity, one of four companies that sought to challenge the country’s incumbents under government moves to boost competition, according to a person with direct knowledge of the deal.
Huawei Technologies Co., China’s largest phone-equipment maker, may face additional restrictions selling its products in Canada as the federal government considers new regulations on foreign wireless suppliers it deems security risks.
Telus Corp., Canada’s third-largest wireless carrier, may have violated the country’s restrictions on foreign ownership of phone companies, a competitor backed by VimpelCom Ltd. said in a regulatory filing.
Telus Corp. investor Mason Capital Management LLC is seeking a meeting of shareholders in a bid to counter a potential move by Canada’s third-largest wireless carrier to eliminate its dual-class stock structure.
NewPage Corp. debtholders are betting Leon Black’s Apollo Global Management LLC will raise its bid to obtain control of the paper maker instead of letting the firm emerge from bankruptcy and compete with Verso Paper Corp.
Mason Capital Management LLC asked a court to order Telus Corp. to release details of shareholder proxy votes on a plan to merge the Canadian wireless carrier’s two stock classes that the investment company opposed.