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

submitted 5 months ago by Sunshine@lemmy.ca to c/canada@lemmy.ca

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[-] karlhungus@lemmy.ca 79 points 5 months ago

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

[-] NotMyOldRedditName@lemmy.world 15 points 5 months ago

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.

[-] tunetardis@lemmy.ca 79 points 5 months ago

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

[-] Sunshine@lemmy.ca 32 points 5 months ago

We need to funnel more people from Bell to Freedom!

[-] abff08f4813c@j4vcdedmiokf56h3ho4t62mlku.srv.us 10 points 5 months ago

Shout-out from a proud and satisfied Freedom Mobile user here!

[-] dubyakay@lemmy.ca 5 points 5 months ago

“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.

[-] funkajunk@lemm.ee 14 points 5 months ago

Because "fuck you", that's why

[-] brax@sh.itjust.works 8 points 5 months ago

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.

[-] mosscap@slrpnk.net 33 points 5 months ago

Nationalize

[-] RangerJosey@lemmy.ml 19 points 5 months ago

Ma Bell being evil?

Why I am shocked. Shocked I say..

[-] SirMaple__@lemmy.ca 14 points 5 months ago

Fuck Bhell!

[-] psvrh@lemmy.ca 10 points 5 months ago

#Letstalk about nationalization.

[-] toastmeister@lemmy.ca 3 points 5 months ago* (last edited 5 months ago)

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

[-] theacharnian@lemmy.ca 3 points 5 months ago

I know right, fascism is great for profits!

[-] toastmeister@lemmy.ca 2 points 5 months ago

Even under Biden?

[-] theacharnian@lemmy.ca 2 points 5 months ago

Was the project scrapped under Biden?

[-] toastmeister@lemmy.ca 1 points 5 months ago

GDP grew I meant.

[-] theacharnian@lemmy.ca 2 points 5 months ago* (last edited 5 months ago)

You push your narrative, I'll push mine. According to your narrative, the Bell deal is off because USA stronk, Canada no stronk. Your narrative, your burden of substantiation.