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Stock impact report

Bell urges conditions if CRTC mandates wholesale access, Telus awaits its next move [BNN Bloomberg (Canada)]

Telus Corporation Ordinary Shares (TU) 
Last telus corporation ordinary shares earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: telus.com/en/about/investor-relations
Company Research Source: BNN Bloomberg
internet providers to use rivals' fibre networks to offer their services to customers. Representatives of Bell Canada's parent company appeared before the CRTC on Wednesday as part of the commission's consultation on internet competition. The appearance comes less than a week after Bell pinned a hefty amount of blame on the CRTC when it announced it would slash nine per cent of its workforce and potentially further scale back investment in its fibre network. Bell chief legal and regulatory officer Robert Malcolmson told commissioners their previous calculation that granting temporary wholesale internet access wouldn't lead to spending cuts was "dead wrong." "The question … is whether the commission will double down or pause and consider how investment incentives can be restored while maintaining the vigorous price competition that is so clearly occurring in the marketplace," said Malcolmson. The CRTC's interim decision last November temporarily required Bell and Telus Corp. Show less Read more
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