Bell Canada scraps Labrador high-speed internet project, plans to invest in U.S.

The telcos had a brief opportunity to repair their reputation in Canada by riding a wave of patriotism. But no…

We need to funnel more people from Bell to Freedom!
- Shout-out from a proud and satisfied Freedom Mobile user here!
- “Quebecor looks to have strong momentum on customer acquisition, but we believe a more balanced approach in terms of price and quantity would be a better strategy for long-term shareholder value creation,” Mr. Yaghi said.
  He said that while the company picked up customers, revenues from its telecom operations fell by 2 per cent year-over-year, which showed that “relying on subscriber loading alone will not be enough” to boost financial results.
  How is this any different than the others? Except that their strategy was undercutting the others.
Because "fuck you", that's why
If you can recall back to around 2010 or thereabouts, there were rumours of US telecom provider Verizon entering the Canadian market. The big three Canadian pieces of shit spent MILLIONS on advertisements crying about facetious bullshit that pretty much nobody believed. Verizon ended up noping out anyway, presumably because of how shit our infrastructure is.
They could have spent that money to improve their service and be companies people actually want to deal with... But nah.

Aren't there penalties for breaking contract?

provincial and federal governments announced more than $22.3 million in funding to bring high-speed Internet

Can we get our 22.3 million + interest back then? Seems like it might be time to make it a public company again.

Bell Canada parent company BCE awarded its executives more than $5 million after announcing it was laying off 4,800 employees.

Fuck this company

Lol, nah, but we will give them another 50 million to do it in a couple more years with the exact same outcome as this time.

How are we supposed to encourage Canadian companies during this trade war when they keep screwing the Canadian population over so much? Man fuck Bell, Rogers, Telus, Loblaws, Metro and every other big ass Canadian corporation. They're all worth being boycotted if we could help it.

Corporations aren't loyal to anyone but Capital.
Bell, Rogers, Telus.
Use Freedom, Sasktel, Eastlink, Ecotel, Ice, Execulink, Sogetel and TBayTel instead!
Telus, Loblaws, Metro and every other big ass Canadian corporation
The answer is farmer's markets, Giant Tiger and local grocers instead!
- The rural region where I grew up has always been neglected by big telcos, so there were multiple local ones offering the same as the big ones, but for cheaper, or deep in the countryside.
  Every village had its local phone company because Bell didn't think they were profitable enough to deserve service. Unfortunately the last independent provider, Maskatel, was bought by Bell in 2018.
  There is only one left, Cooptel, and it's a cooperative. This is how my parents living on a rural road can get FTTH. If it weren't for the fact that it's a cooperative, Bell would probably have bought it too.
  It's frustrating to see that big telcos won't put a cent into building a network into rural areas because they see no profit in it, but once a small local company becomes successful in doing that, they often end up being bought by big telcos.
- Recently I learned telus was the Alberta state run telco until it was sold under shocking terms during Mulroney. The govt agreed to buy it back at a loss if it wasn't profitable after a couple of years!

Nationalize

Absolutely.

Ma Bell being evil?

Why I am shocked. Shocked I say..

#Letstalk about nationalization.

Fuck Bhell!

Invest in US? Are they insane? This place is going to hell.

Bell purchased our local cable/internet provider within the past year. Our service is now shit. Being rural it wasn't good in many places but now even in my wired house it's dropping signal dozens of times a day when this was never an issue before.

Fuck bell. Fuck capitalism. Fuck corporate greed.

What the fuck is this shit? Get Alexander Graham on the line

The US has had actual per capita GDP growth, while Canada only has mass immigration into a housing shortage with per capita GDP growth below inflation, so it makes sense. Wages actually grow in the US, and there isnt capital shallowing, so they can afford more services.

https://tradingeconomics.com/canada/gdp-growth

Bla bla bla.
Canadians need high speed internet services, too. Bell, Telus and Rogers are already gouging Canadians with insane prices. But it's still not enough? Fuck all that.
In Québec, there used to be several electric utility companies in different regions of the province. They kept charging too much for crappy unreliable electricity because they didn't want to invest in their shitty infrastructure to deliver electricity to their customers. They also didn't want to build infrastructures in further regions because it would cost them too much. Remind you of anyone?
Well, René Levesque, as the premier of Québec, made the province buy all the companies and nationalized them under one company: Hydro Québec. Since then, the infrastructure was expanded so the furthest regions of Québec. More dams were built. It became the pride of Québec and a great source of revenue for the province.
As it turns out, nationalizing important utility infrastructures is beneficial to the population, but trying to benefit shareholders is bad for the population.
- I dont disagree with nationalization. Its an inelastic good with a natural monopoly due to cell phone frequency limitation caps, its an obvious case for nationalization, I think it would allow cellphones to use all frequencies and their increase speed and penetration.
Where are wages growing in the States?
- https://www.atlantafed.org/chcs/wage-growth-tracker#Tab1
  The US didn't do mass immigration to erase their wage pressure during the Phillips curve induced labor shortage. They've done very well relative to Canada.
I know right, fascism is great for profits!
- Even under Biden?