wtorek, 14 stycznia 2014

Canadian telecom shares climb after Wind leaves wireless auction

A Blackberry smartphone on the Rogers wireless network is seen in Montreal By Alastair Sharp TORONTO (Reuters) - Shares of Canada's top telecom providers, BCE Inc, Rogers Communications Inc and Telus Corp, all climbed on Tuesday after Globalive's Wind Mobile withdrew from a major auction of wireless spectrum. But the gains were tempered by concerns among some investors that Canada's Conservative government, which has pushed to increase competition in the wireless space, could respond with more stringent regulation of the industry. The Conservative government has pitched itself to voters as fighting the dominant telecoms on their behalf to lower prices and improve service. Globalive's decision to bail out of the auction dealt a double blow to the government, which was also hoping that strong proceeds from the auction would help it lower the budget deficit heading into next year's federal election.








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