Canada telcos (T.BCE) can challenge cell phone regulations

Canadian Press, The Canadian Press
0 Comments| October 4, 2013


The telecom sector rallied Friday after Canada’s major telecoms were given the go-ahead by the Federal Court of Appeal to challenge part of the CRTC’s new wireless code of conduct that would affect 3-year cell phone contracts retroactively.

Rogers Communications Inc. (TSX: T.RCI.B, Stock Forum), Bell Inc. (TSX: T.BCE, Stock Forum), Telus Corp. (TSX: T.T, Stock Forum) and others say a new CRTC code mandating that contracts run no more than two years would prematurely apply to three-year contracts signed before the new code comes into effect on Dec. 2.

Rogers was the strongest advancer, up 1.5% to $44.31.

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Tags: TELECOM SERVICES

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