Verizon would need to invest more than 3B to build Canadian wireless

TORONTO — Verizon would need to invest more than $3-billion just to get started in Canada’s wireless industry, says a new study.[np_storybar title=”A reality check for telecom claims (on both sides)” link=”https://business.financialpost.com/2013/08/21/a-reality-check-for-telecom-claims-on-both-sides/?__lsa=0677-69aa”%5DThe debate between Ottawa and Canada’s telecom industry has seen nasty swipes from both sides. Here’s a reality check of their claims [/np_storybar]Much of the costs would be weighted in building a network and establishing a mobile phone service infrastructure, especially in underserved markets, like rural areas, said the report by Moody’s Investment Service.But the battle would be more about the user experience than an all-out price war, because Verizon would need to develop a top-quality network, which would be costly and time consuming, Moody’s said.“Although competitive threats tend to cause uncertainty and can lead to performance pressure, we see limited downside for Bell Canada, Rogers Communications Inc. and Telus Corp. from a foreign company entering the market,” analyst Bill Wolfe said in the report, released Thursday.Bell, Telus and Rogers have launched a media blitz against the possibility of Verizon entering the Canadian wireless market, saying there needs to be a level playing field.The report said it would likely take at least three years for Verizon’s network coverage and capabilities to reach critical mass, giving the established carriers time to better position their own networks and service. According to reports, Verizon may be putting off a potential acquisition of Wind Mobile and Mobilicity and contemplating participation in the next auction for wireless spectrum — the radio waves needed to operate cellphone networks.Bell, Telus and Rogers have launched a publicity campaign calling for the Harper government to drop policies that they say give Verizon an unfair advantage over them. The big three carriers say that Verizon would be treated as a new player entering Canada’s wireless market and would be able to buy more prime spectrum than they would be allowed. They’ve also said they are better positioned to serve Canada’s rural markets than Verizon.Industry Minister James Moore has responded with a cross-country tour to explain why the government wants to increase competition in wireless services.Also on Thursday, a prominent American consumer-rights advocate says the Harper government should be wary about allowing Verizon into the Canadian wireless market.In an open letter to Prime Minister Stephen Harper published by the Toronto Star, Ralph Nader says Verizon has made extensive use of U.S. tax subsidies even though the wireless communications giant was profitable at the same time.The letter, published Thursday in the Toronto Star’s opinion pages, says that it would be a “bad idea” for Harper’s government to allow Verizon to operate in Canada with unique rights to acquire certain wireless spectrum.Citing a report by the Center for Tax Justice and Good Jobs First, Nader says Verizon received $14-billion in U.S. federal and state income tax subsidies in the 2008-2012 period, even though it earned US$33.4-billion in pre-tax income.“Question: Why would you allow one of our country’s most aggressive tax dodgers, a company with a track record of overtly ripping off our government, into your country,” Nader writes.“What’s bad for the United States will be bad for Canada.”Nader, who has been an unsuccessful independent candidate for the U.S. presidency in several campaigns, is a frequent commentator on issues that he considers of national or international public interest.He first rose to prominence in the 1960s by campaigning for improved safety and performance standards in the U.S. auto industry.The Canadian Press read more

Read More
Harrow Sri Lankan Tamils want Harrow Mayor to resign

It said: “Most Tamil residents in Harrow escaped the war and came to the UK as refugees, and they still carry the scars of that war which killed many of their kith and kin in their former home country.“We believe Ms Marikar’s judgement on this matter was very poor and her actions were offensive to the Tamil community she represents in Harrow.“It was extremely upsetting to learn that Ms Marikar, who represents a large number of Tamils in Harrow and claims to have a detailed knowledge of Sri Lanka, chose to publish photographs with these senior military officials.” She posted pictures of her meetings – in which she is wearing the mayoral chain – on social media alongside messages praising the soldiers for their service. Campaigners have called on the Mayor of Harrow to resign after she was pictured with senior military figures during a visit to Sri Lanka, This is local London reported.Cllr Kareema Marikar visited the Commander of the Sri Lankan Army, Mahesh Senanayake, and Brigadier Priyanka Fernando during a trip last year. They were particularly disappointed given that Brig. Fernando was found guilty of violating the Public Order Act when he made a throat cutting gesture at protestors – many of whom were Tamil – outside the Sri Lankan High Commission in London.A petition with 49 signatures was handed to Harrow Council calling on Cllr Marikar to step down from her role. But members of the Tamil community in Harrow are upset at this representation, given the army officials’ involvement in the Sri Lankan civil war. The Sri Lankan Civil War, which stemmed from ambitions by the ‘Tamil Tigers’ to form an independent state, ravaged the country for more than 25 years – finally ending in 2009. Cllr Marikar, who was elected as mayor in May, hails from Sri Lanka herself. She has lived in Harrow for 28 years and has served as a councillor since 2010.The mayor’s office has been contacted for comment. (Colombo Gazette) read more

Read More