Statscan says cellphone bills are plunging – the truth is more complicated [Globe and Mail, The (Toronto, Canada)]
Telus Corporation Ordinary Shares (TU)
Last telus corporation ordinary shares earnings: 2/13 06:45 am
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Source: Globe and Mail, The
In 2023, cellular-service prices plunged by 27 per cent, according to Statscan's consumer price index. This trend has been playing out for a while, with wireless prices down 50 per cent over five years. The federal government has pointed to these figures as proof that its efforts to lower wireless prices – a pledge in the 2019 election campaign – are working. So too does the telecom industry, which is regularly criticized by consumer advocacy groups over a lack of competition and high costs. After a CPI release last fall, Quebecor Inc. chief executive Pierre Karl Péladeau took credit for lower prices. “New data from Statistics Canada confirms what we have promised: Since its acquisition by Videotron, Freedom Mobile has been driving change and competitors are following suit,” he said in a press release. (Quebecor's Videotron acquired Freedom in April, 2023. Canada's fourth-largest wireless carrier was divested as part of Rogers Communications Inc.'s increase $20-billion takeover
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News
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TU
Earnings
- 2/9/24 - Beat
TU
Sec Filings
- 4/8/24 - Form 6-K
- 4/8/24 - Form 6-K
- 2/22/24 - Form 6-K
- TU's page on the SEC website