Verizon Communications Inc. announced Tuesday that it has completed its acquisition of AOL Inc.
The press release stated that “AOL is now a wholly owned subsidiary of Verizon." Verizon had announced in May that AOL would be bought for about $4.4 billion US.
Music-streaming revenue reported by the Society of Composers, Authors and Music Publishers of Canada (SOCAN) increased from $3.4 million in 2013 to $21.3 million in 2014, the organization said in a press release Tuesday.
Its total revenue was up 8.4 per cent to $299.5 million, and it distributed $241 million to its members, it said.
The results were in line with what the collective had predicted in its preliminary results in February.
Northwestel Inc. is asking the CRTC to reconsider its move in March to eliminate a $20 surcharge the company charges some customers.
The CRTC had ruled that Northwestel was no longer allowed to charge extra fees to customers who subscribe to only Internet service without telephone service, and ordered it to lower its rates for DSL service by 10 to 30 per cent, and lower its data overage charges.
With demand for wireless spectrum on the rise, policy around the finite natural resource in Canada has emerged as a major government file over the last decade.
Two spectrum auctions have already taken place this year, so far raising $2.86 billion in government revenues, and a third auction is scheduled for August to sell off residual spectrum licenses not previously bought.
Shaw Communications Inc. says it will be increasing prices for residential Internet and television services to compensate for its own higher costs.
A notice on its website said price changes will take effect Aug. 1, and it committed to not raising rates again until at least the summer of 2016.
Some companies have disputed the notion put forward by Rogers Communications Inc. and Shaw Communications Inc. that their video-streaming service Shomi has been made available to other service providers.
In filings to the CRTC that were due this week in an undue-preference complaint against Shomi, Telus Corp. said that Rogers and Shaw did not make Shomi “available to BDUs other than Rogers and Shaw in a timely manner.”
The CRTC said Wednesday in a notice of consultation that it is looking for comments on its elimination of 30-day notice requirements for cancelling telecom services, which has been in effect since January.
The ban was announced in November, when the CRTC said telecoms can no longer require subscribers to give a 30-day notice to cancel their TV, Internet and phone services, effective Jan. 23, 2015.
Telus Corp., in its second annual transparency report, said the quantity of requests from government agencies for customer information fell 5.3 per cent to 97,938 in 2014.
It said requests for customer names and addresses were down 24.3 per cent to 30,946 last year, and the decline was largely due to a Supreme Court decision that said warrants are necessary to obtain personal information about customers of Internet service providers.
Amazon.com Inc.'s Canadian unit on Monday announced the launch of an online shop for wearable technology.
The company said in a press release that customers can now go to www.amazon.ca/wearabletechnology to shop for the latest and most innovative wearables, including activity trackers, smartwatches, wearable cameras, devices for children and pets, and other items.
It said the site will feature product reviews, videos and detailed guides to help consumers better understand the products for sale.
The CRTC will allow a complaint by the Public Interest Advocacy Centre (PIAC) against video-streaming service Shomi to proceed, despite requests from its owners that the matter be dropped.
A letter from the CRTC to Shomi owner Rogers Communications Inc. and Shaw Communications Inc., dated May 8, said PIAC's application "does not appear to be unduly burdensome."