Telus says 5,000 jobs at risk if forced to open network to wireless resellers: report

FILE PHOTO: Darren Entwistle, President and CEO of Telus Corporation, delivers his speech to shareholders during their annual general meeting in Edmonton May 9, 2012. REUTERS/Dan Riedlhuber/File Photo

- Telus Corp could cut 5,000 jobs and C$1 billion in investments over the next five years if the Canadian telecom operator is forced to slash prices by 25% or open its network to wireless resellers, The Globe and Mail reportedChief Executive Darren Entwistle’s comments came as a Canadian telecommunications regulator began hearings on increasing competition and lowering the cost of cellphone plans, possibly by requiring the country’s top three wireless providers grant access to their networks to...

The hearings, held by the Canadian Radio-television and Telecommunications Commission in Gatineau, Quebec, also aims to examine whether the market is ready for 5G and it adequately serves Canadians. Three companies dominate Canada’s telecoms industry. BCE Inc’s Bell unit, Telus Corp and Rogers Communications together control 89.2% of the mobile subscriber market, according to the most recent government data from 2018.Reporting by Juby Babu in Bengaluru; Editing by Sherry Jacob-Phillips

Canadian telecoms, like TELUS / Rogers / Bell, need to stop hiding behind the ridiculous 'Canadian content' that CRTCeng imposes on something that has nothing to do with content. Maybe the CRTCeng can do something for the people

Fear mongering, plain and simple.

What jobs? The ones they outsource to the Philippines?

I am pretty sure opening up your network will allow you to sell your transmission bandwidth on wholesale. The independent operators will have to hire employees which you cut anyways. Trimming the fat is much needed for national carriers.

🤔

You mean profits at risk. They will go work for your competition fool.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dish Network’s Customer Base Slips Under 12 MillionThe satellite company lost nearly 200,000 television customers in the fourth quarter as it laid plans to invest in a still-unfinished wireless phone network.
Source: WSJ - 🏆 98. / 63 Read more »

Recall: Contigo Kids Bottles for Choking HazardRECALL ALERT! Contigo has recalled 5.7 million kids water bottles for a second time after the replacement lids issued in an August recall were found to also be choking hazards, according to the Consumer Product Safety Commission. Guessing they don't want to be 'Contigo' anymore😜😆 Contigo means= With You
Source: WebMD - 🏆 709. / 51 Read more »

SmileDirectClub hits back at media reports that say its chief dentist is at risk of losing licenseSmileDirectClub hit back Thursday at media reports that its Chief Dentist Dr. Jeffrey Sulitzer is at risk of losing his license. The company said the reports...
Source: MarketWatch - 🏆 3. / 97 Read more »

Discovery Ramps Up 'BattleBots' With 50 Hours of Programming (Exclusive)The cable network says the robot-fighting series is coming back with an 'unprecedented' amount of time on its schedule. Hurray! Yeaaaaahhhhhhh!!!! HyperShockTV Oooohhh, baby! I’m pumped!!!
Source: THR - 🏆 411. / 53 Read more »

Lambda School, a buzzy online coding bootcamp backed by big Silicon Valley names, could be placing far fewer graduates in jobs than it saysLambda School, a coding bootcamp backed by GV, claims 86% of its graduates find jobs, but a new report indicates it could be lower. LOL, another racket...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Goldman says market underestimating coronavirus risk: 'Correction is looking much more probable'Goldman Sachs sounded the alarm about a possible correction in the stock market, noting investors are underestimating the coronavirus risk. signal to go all in Lost money in market making? you wish
Source: CNBC - 🏆 12. / 72 Read more »