Friday, October 15, 2010

Telus chief says TV channels not "core competency" for his company

Telus Corp. chief executive Darren Entwistle (pictured) says TV and specialty-channel businesses are not a “core competency” for his company and could distract it from improving its main wireless, home-phone and Internet distribution operations. He spoke to reporters after an address to the Canadian Club of Toronto. Shaw, Telus’s biggest competitor is on the verge of acquiring Canwest for $2-billion, with regulators set to decide on the deal this month. BCE has followed the move by making a $3-billion offer for the television operations of CTVglobemedia Inc., the largest TV firm in the country.
Entwistle said the deals provide no certainty of exclusives on broadband and wireless platforms for either company.

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