Telus CEO says $1B of spending, 5,000 jobs at risk if CRTC pushes MVNOs [Business News Network (BNN) Energy & Resources (Canada)]
Telus Corporation Ordinary Shares (TU)
Last telus corporation ordinary shares earnings: 2/13 06:45 am
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Source: Business News Network
Telus CEO says $1B of spending, 5,000 jobs at risk if CRTC pushes MVNOs GATINEAU, Que. -- Telus Corp. could cut about $1 billion of spending and 5,000 jobs over the next five years if the CRTC requires Canada's wireless companies to open their facilities to virtual network operators, chief executive Darren Entwistle said Thursday. He revealed those estimates in the final minutes of nearly four hours of public hearings before the Canadian Radio-television and Telecommunications Commission, which has proposed giving mobile virtual network operators, or MVNOs, a mandate to connect their services to the big national networks built and operated by Telus, Bell and Rogers. The Telus position is that Canada's wireless market is already extremely competitive, prices are actually quite affordable contrary to popular belief and the arrival of MVNOs would set back the deployment of 5G networks. Entwistle ended the presentation with a flourish, by volunteering to submit the Telus board's instructi
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TU
Earnings
- 2/9/24 - Beat
TU
Sec Filings
- 2/22/24 - Form 6-K
- 2/9/24 - Form 6-K
- 2/9/24 - Form 6-K
- TU's page on the SEC website