BCE Inc. hikes dividend and plans new service to attract cord cutters as competition intensifies

[ad_1] BCE Inc.’s bottom line took a hit from closing costs associated with buying Manitoba Telecom Services earlier this year, but the telecom giant’s otherwise consistent financial results pleased both analysts and shareholders at the annual general meeting on Wednesday. Bell, Canada’s largest telecommunications company, reported quarterly results hit analysts’ expectations despite intense competition from…

Bell MTS deal closes, kicking off $1-billion investment that brings 4G to Churchill, Manitoba

[ad_1] Tourists in Churchill, Man. can now officially access an upgraded wireless network to post polar bear photos on Instagram. BCE Inc. formally closed its $3.9 billion acquisition of Manitoba Telecom Services, the company announced Friday, one month after federal regulators approved the deal. The telecom giant kicked off its promised $1 billion, five-year investment…

Nortel Networks cleared to end bankruptcy, distribute US$7 billion to creditors after years of litigation

[ad_1] WILMINGTON, Del. — Judges in Delaware and Canada approved on Tuesday a plan to pay more than US$7 billion to creditors of Nortel Networks, ending years of litigation over the former telecommunications company that filed for bankruptcy in 2009. The rulings by U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware and Frank Newbould of…