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Shaw Communications ( NYSE: SJR ) pared some gains after a report that a Canadian antitrust regulator says that a potential sale of Shaw's wireless business to Quebecor ( OTCPK:QBCRF ) doesn't resolve the authorities concerns about the Rogers ( NYSE: RCI ) deal....
BCE is seen as a stable dividend stock. But, its dividend is not supported by cash flow, it's supported by debt and share dilution. With many of its businesses in secular decline, BCE is swimming upstream. Technology is changing the industry. At a forward PE of 19x, the valuation ...
The telecom sector in Canada is going through a transformation right now. The proposed merger of Rogers Communication (TSX:RCI.B) (NYSE:RCI) and Shaw Communication (TSX:SJR.B) (NYSE:SJR) was going to make the already consolidated sector even smaller. There are already co...
A Millennium Management trading pod is said to be shutting down after some bets on mergers and acquisitions such as Twitter ( NYSE: TWTR ) performed badly. East53 Capital, one of hedge fund Millennium's more than 270 pods, is closing down and its senior portfolio manager Mau...
In something of a rebound week for the market, Communications stocks led the broader market higher along with consumer and tech names, while energy and utilities took the losses in post-holiday trading. The Communication Services Select Sector SPDR Fund ( XLC ) rose 3.5% ove...
A massive network outage that impacted Canadian telecom giant Rogers Communications ( RCI ) was showing no signs of abating by Friday afternoon as multiple network systems remained offline around the country. Mobile phone networks, Internet service providers, bank ATM machines...
TORONTO and CALGARY, Alberta, July 06, 2022 (GLOBE NEWSWIRE) -- The early mediation between Rogers Communications Inc. (“Rogers”), Shaw Communications Inc. (“Shaw”), and the Commissioner of Competition on July 4 and July 5, 2022, did not result in a resolution of...
It's not clear whether the economy is headed for recession - or if it's already entered one - but the mood in the Communication Services sector is marked by lowered expectations for the second half of 2022, after what seemed like a nascent recovery from pandemic disruptions ran headlong...
There’s always a merger arb spread blowing up somewhere. The key is to wait patiently for a spread to get really wide. Here’s one that blew out and is still good today. Merger arbitrage I don't like taking bets that require a high level of certainty...
Shaw Communications press release ( NYSE: SJR ): Q3 GAAP EPS of $0.41 beats by $0.11 . Revenue of $1.35B (-2.2% Y/Y) beats by $290M . Third quarter consolidated financial results include adjusted EBITDA of $644 million along with year-to-date free cash flo...
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Brings together two iconic, entrepreneurial Canadian companies Creates on e national cable, media, and wireless company Unlocks billions in investment to bring significant benefit to Canada and Canadians TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Rogers Communic...
MONTRÉAL and CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) -- Quebecor Inc. (“Quebecor”) and Shaw Communications Inc. (“Shaw”) announced today that the acquisition of Freedom Mobile Inc. (“Freedom”) by Videotron Ltd. (“Videotron”), ...
TORONTO and CALGARY, Alberta, March 31, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. and Shaw Communications Inc. announced today their historic merger is expected to close prior to the outside date of April 7, 2023 after receiving final regulatory approval. “We are very pleased...