Business
Municipal Pension Fund Invests in Up-and-Coming Wireless Carrier, BMV
The Ontario Municipal Employees Retirement System (OMERS) has signed an agreement to invest $50 million in BMV Holdings, a new discount cell phone carrier planning to enter the Canadian wireless market in the third quarter of this year. BMV, which purchased $52 million worth of airwaves licenses in Canada’s most recent wireless spectrum auction, hopes [...]
Bell Aliant Cuts 500 Management Jobs
Atlantic Canada’s leading telecom carrier, Bell Aliant, has announced plans to cut costs and streamline operations by eliminating some 15% of its management workforce, or approximately 500 jobs. “The leaner management structure will bring all employees closer to customers, allow for faster decision making and reduce costs,” commented Bell Aliant president and CEO, Karen Sheriff. [...]
Consumer Electronics Show Sees 22% Drop in 2009 Attendance
The Consumer Electronics Association has released preliminary numbers confirming that the recent Consumer Electronics Show in Las Vegas saw far fewer attendees than last year’s event. Uncertainty persists, however, about whether the lower turnout was a result of the weakening economy, or a deliberate effort on the party of CES organizers. This year’s Consumer Electronics [...]
In-Stat Predicts Major Decline in Mobile Base Station Revenues
Companies that make mobile base stations and related components are in for a difficult few years, according to a recent report by In-Stat. The global economic slowdown is already a negative effect in all regions, with the possible exception of Africa, according to the report. Revenue from base station semiconductors is expected to decline an [...]
Certicom Accepts Research In Motion Acquisition Offer
Security software firm, Certicom, has agreed to be acquired by Research In Motion for C$3 per share, twice as much as the BlackBerry maker offered in a hostile takeover bid last December. Having been thwarted in its first attempt, RIM raised its bid to $3/share to definitively trump a $2.10/share offer from VeriSign. “The Board [...]