Posted on August 7, 2007, at 7:45 AM .
It was looking uncertain that Telus would be completely dropping out of the bidding war for Bell, but after announcing its Q2 report, they’ve put the deal to bed. The Globe and Mail says that federal regulations from right here in Ottawa could have soured the deal; in order to avoid a monopoly situation, Telus would have had to sell off some of their assets to counterweight the acquisition of Bell.
As for the quarterly results themselves, which announced an profit drop from $253.1 million to $356.6 million, Telus’ CEO Darren Entwistle wasn’t exactly happy.
“I am less than satisfied with these quarterly results. While wireless revenue and subscriber growth of 11 per cent and wireline data revenue growth of eight per cent remained robust, earnings did not meet expectations. This was largely caused by excess costs associated with the implementation of the new wireline billing and client care system as well as from the introduction of wireless number portability and the commercial failure of the launch of AMP’d Mobile. We are dedicated to much better performance in coming quarters, as evidenced by the reiteration of our public guidance for 2007.”
Posted on June 6, 2007, at 9:25 AM .
Ten days to make up $4.5 million probably isn’t going to happen when half of your subscribers aren’t paying their bills, especially when you’d have another $28.5 mil to pay after that. Will this poor experience turn Verizon and other carriers off of supporting future MVNOs? Maybe not, if they can just scoop ‘em up afterwards.
Continue reading ‘Verizon may pick up Amp’d after bankrupting them’
Posted on June 4, 2007, at 9:40 AM .
Any Moto Q users in the house? Amp’d Mobile has filed for bankruptcy protection, so there’s a possibility of some price dives in order to desperately attract customers. Of course, they could very well be cutting the fat at the same time, meaning less coverage. End result? Cheap smartphones if you’re in the right area. Maybe it’s not such a terrible time for a product like that to be available, either. With BlackBerry holding down the middle price range, and the iPhone the high end, having something in the sub-$200 neck of the woods could fill a market gap. Whether or not Amp’d will be willing to go that low, or keep trying to duke it out with the big boys remains to be seen.
