Telus Corp could cut 5,000 jobs and C$1 billion in investments over the next fiv...
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
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