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QUÉBEC, May 6, 2021 /CNW/ - Thanks to a $6.34-million joint investment made as part of Canada–Quebec Operation High Speed, 2,510 households in the Côte-de-Beaupré RCM will have access to Xplornet high-speed Internet services by September 2022.
The announcement was made today by Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Public Safety and Emergency Preparedness; Gilles Bélanger, Parliamentary Assistant to the Premier of Quebec (high-speed Internet) and Member of the National Assembly for Orford; Émilie Foster, Member of the National Assembly for Charlevoix–Côte-de-Beaupré and Parliamentary Assistant to the Minister of Higher Education; and Charles Beaudet, Xplornet s Vice-President, Quebec.
KPN saw a modest increase in its share price early on Thursday after rumors surfaced that Swedish private equity firm EQT is teaming up with Stonepeak Infrastructure Partners on a possible takeover bid.
Bloomberg reported last year that EQT was in the early stages of discussing the feasibility of a deal with potential advisers.
The Wall Street Journal is now suggesting that New York-based Stonepeak and EQT are working on a joint bid that would value the Dutch telco at more than $15 billion.
According to the report, which cited unidentified sources, the funds are preparing to conduct due diligence with the goal of submitting a formal bid this spring. The WSJ added that it is possible they could take on another partner, and that competing bids may also come into play.
in rural Canada for only $99.99/month
WOODSTOCK, NB, April 6, 2021 /CNW/ - Xplornet Communications Inc., Canada s largest rural-focused broadband service provider, is sharing exciting news for rural Canadians looking for faster Internet speeds and more data. Today, Xplornet launched Xplore 50/10 UNLIMITED offering download speeds up to 50 Mbps and upload speeds up to 10 Mbps with full speed unlimited data. With the COVID-19 pandemic having moved so much of our lives online, rural Canadians are asking for Internet services that keep pace with the biggest cities, said Allison Lenehan, President and CEO of Xplornet. Xplornet is continuing to invest in upgrading our broadband network to ensure that rural Canadians stay connected to family, friends and work – no matter where they choose to live.
iPolitics By Jolson Lim. Published on Apr 6, 2021 5:09pm The Rogers campus in Toronto, pictured on March 15. Rogers has agreed to buy rival Shaw for $26 billion. (Andrew Francis Wallace/Toronto Star)
Rogers Communications shouldn’t be allowed to buy Shaw Communications’ Freedom Mobile as part of a proposed $26-billion merger, telecom experts told MPs on Tuesday.
The House of Commons Industry committee heard that a takeover of Freedom Mobile by Rogers would eliminate Canada’s fourth-largest competitor, leading to high prices for consumers and less competition.
Freedom Mobile has about a five per cent share of the national wireless market, mostly in cities in Ontario, Alberta, and British Columbia. Its competitive pricing has been credited with helping to drive down prices across the market.