Tuesday, January 19, 2016

Big Three wireless carriers to raise prices as low loonie takes toll

Canada’s biggest wireless carriers are in the midst of raising prices on some of their most popular cellular plans as the industry looks to shore up revenue growth.

BCE Inc. first announced a $5 monthly increase for new subscribers to certain share plans on its website last week and financial analysts and wireless technology website Mobile Syrup have tracked similar price hikes or planned increases by Rogers Communications Inc. and Telus Corp.

BCE attributes the pricing adjustments to the impact of the weak Canadian dollar and the continued need to invest in its networks, pointing out it has recently received several awards for network performance. “Most equipment and smartphone suppliers are international companies and while having the best networks has been the key to Bell Mobility’s marketplace performance, we have also faced a significant increase in costs due to the weakened dollar,” spokesman Mark Langton said Monday.  (more...)

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