Telecom CEOs appear before federal committee, tell MPs prices are coming down [BNN Bloomberg (Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: BNN Bloomberg
MPs on Monday, citing increased data usage, high spectrum costs and regulatory conditions as some reasons Canadians may feel otherwise. The three CEOs — Rogers Communications Inc.'s Tony Staffieri, BCE Inc.'s Mirko Bibic and Telus Corp.'s Darren Entwistle — appeared virtually at the House of Commons industry committee meeting after its members voted unanimously last month to summon them. The committee's study on the accessibility and affordability of wireless and broadband services was prompted when Rogers confirmed prices were going up by an average of $5 for wireless customers not on contract. Bibic would not confirm whether Bell plans to follow suit with similar price hikes, stressing the company's focus is on lowering costs, while Entwistle said he was confident Canadians would see price declines but could not discuss specifics about price setting. When asked whether the timing of Rogers' price increase was "tone deaf," Staffieri told MPs the move affected customers on leg
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