Rochester, NY 8/22/2009 8:09:04 AM
BCE Inc. (USA) BCE ,Less profitable cellphone idea
BCE Inc. (USA)
A stock-market analyst plunged countless Canadian cellphone users into gloom last week by predicting a merger between.Shares in both companies rose after said a merger "is increasingly likely in the coming year or two. The merger idea has been hear before, but this time it seems more serious. Recent technical co-operation between the companies is starting to look like a signal of a deal some now call predictable.
We earnestly hope that's not so. The telecom sector needs more competition, not less. Anyone who doubts that need only look at last week's figures from the Organization for Economic Co-operation and Development, which said "medium-usage" Canadians pay $501 per year for cellular service, compared to an OECD average of $317. Last month a Canadian professor told a U.S. congressional committee that Canadian service providers have an estimated 4,900 per cent mark-up on some text messaging. Who can deny that we need more wireless competition?
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