Telus releases its layoff-authorizing board resolution publicly

In order to continue paying dividends to the company’s shareholders including its employees who collectively are its fourth largest shareholder Telus Corp. would have to lay off large numbers of employees if the CRTC moved to mandate access for mobile virtual network operators, according to a February board resolution filed with the CRTC and released Monday.

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Q3 ‘very tough’ for Corus as ad revenues plummet

The financial impacts of COVID-19 induced lockdowns led to a “very tough quarter” for Corus Entertainment Inc. as advertising revenue dropped dramatically, CEO Doug Murphy told analysts on Friday, with total revenues dropping 24 per cent on the year before to $348.9 million, compared to $458.4 million in 2019. 

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Court has jurisdiction to overturn wholesale rates, big telecoms argue

The CRTC’s wholesale rates ruling from last August ignored the intentions of a 2006 Maxime Bernier-era policy directive, and the decision to slash wholesale rates for third-party internet service providers must be set aside, lawyers representing the incumbent cable carriers and telecom companies sought to convince the Federal Court of Appeal’s three judge panel Thursday. 

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