Bell Canada's pending acquisition of Manitoba Telecom Services overcame a major hurdle this week as MTS shareholders have voted 99.6 percent in favor of the deal.
BCE, the parent company of Bell Canada, is acquiring Manitoba Telecom Services for approximately $2.5 billion (CAD $3.1 billion), enhancing its presence in the Western Canadian province with a larger wireline broadband and TV footprint.
Zayo is acquiring Allstream, MTS' business unit, for $348 million, giving the service provider an immediate fiber network presence in Canada.
Telus sees that fiber-to-the-premises (FTTP) will continue to play a bigger role in its last mile network, becoming the preferred future mechanism to deliver broadband services to consumers and businesses.
Bell Aliant's CEO Karen Sheriff will retire from the company at the end of the year as the company becomes integrated into its parent company Bell Canada Enterprises (BCE).
Bell Canada has responded to the need for greater in-home Wi-Fi speed by introducing its 802.11ac-based Home Hub Internet modem and Wi-Fi router for its growing Fibe Internet customer base.
Bell Canada doubled the amount of net broadband customer additions, adding 15,690 subscribers during the fourth quarter, up from the 7,269 customers it added in the fourth quarter of 2012. At the end of 2013, Bell had a total 2.18 million broadband customers, a 2.7 percent increase over 2012.
Telecom giant Bell Canada reported fourth quarter 2012 earnings this week that showcased a 45 percent jump in net earnings--although just 4.5 percent after adjustments--as well as improvement in access line losses and its IPTV footprint.
Bell Canada Enterprises, the parent company of Bell Canada, and broadcaster Astral Media on Monday submitted a revised merger proposal to the CRTC.
Bell Canada Enterprises (BCE) on Friday reported Q3 2012 revenues rose 1.5 percent to CAD 4.98 billion (USD 5 billion) due to a 7 percent rise in wireless and a 25 percent jump in media revenue.