WATERLOO, Ont. – BlackBerry is holding its annual general meeting in Waterloo, Ont., this morning, with top executives likely to face questions on the future of its hardware business. The one-time smartphone leader, which reports its fiscal 2017 first quarter results on Thursday, has been struggling in recent years and its first Android-powered phone, the Priv, has […]
Rogers Communications posts lower Q2 net earnings on flat revenues
Rogers Communications Inc. has reported a lower second-quarter net income of $405 million, or 76 cents per diluted share, while the telecom company struggled to add more wireless customers. Net profit was down 24 per cent from $532 million, or 93 cents, in the same quarter of 2013. Toronto-based Rogers says its net additions of post-paid […]
Analysts expect Shaw’s subscriber base continued to erode in latest quarter
Shaw Communications is fighting an uphill battle according to analysts, who say its heavy reliance on television puts it at a disadvantage to other telecommunications companies that also offer wireless services. The Calgary-based company is expected to report Thursday an improvement on the three previous quarters, but opinion is split on whether the third quarter […]
Netflix’s Hastings: People don’t love linear TV
Netflix CEO Reed Hastings is standing in line at a bustling Toronto coffee shop, summing up a speech he’s set to deliver later in the day on the future of television, when he spies an example of his vision that’s so perfect it almost seems planted by his PR team. Smiling, he points to […]
Rogers nets $455M in Q4 on $3.26B in revenue
A record quarter for smartphone sales helped Rogers Communications exceed analysts’ expectations in the fourth quarter of 2012. The company reports a 3 percent gain in quarterly revenue to $3.26 billion and 88 cents in earnings per share – beating estimates of $3.19 billion and 72 cents per share. Rogers recorded quarterly net income of […]
Rogers Cable to go full-IP within 2 years
Rogers Communications’ cable TV service will move to IPTV over the next two years, a system already used by Telus and Bell, CEO Nadir Mohamed said Wednesday as the company announced its first-quarter financials. That means TV will be delivered over an Internet Protocol network and will allow users to watch sports, for example, while pulling […]
Rogers posts Q1 revenue of $2.95B
Rogers Communications is reporting a slip in revenue and profit for the first quarter of this year in the face of fierce competition in its cable and wireless divisions. Adjusted profit came in at $356 million, down from $423 million in the same quarter last year. Revenue also came in slightly lower at $2.95 billion, […]
Kiosks go mainstream for companies selling DVDs, iPads
A growing number of retailers are installing automated kiosks in the corners of their stores, hoping to drive product sales for DVD rentals, or even iPads, in a space once reserved for dust bunnies and trash bins. It’s a trend that’s gaining momentum in Canada after several years of success in the United States, where […]
Rural Canadian cell phone users won’t get faster networks soon
Canadians living in rural areas will have better cell phone reception once a federal auction of radio waves takes place, but telecom analysts say it could take years before the improved service is launched. Analyst Brahm Eiley said coverage of rural Canada should expand over time. “Is this going to happen tomorrow? Chances are – […]
Shaw’s Q4 profit falls
Shaw Communications saw its overall fourth-quarter profit fall by 32 percent, as losses from an abandoned wireless strategy offset gains elsewhere, according to the Calgary-based company’s financial report Thursday. The cable, Internet and satellite TV provider had $82.5 million in net income, or 18 cents per share, down from $121.6 million or 28 cents per […]