Microsoft Corp. said Wednesday it is cutting as many as 7,800 positions primarily as a result of restructuring its phone hardware business.
The company said in a press release that this will result in a write-down of about $7.6 billion US on assets gained through the acquisition of Nokia Corp.'s devices and services business last year. It said it faced an additional $750 million to $850 million in restructuring costs.
Kelvin Shepherd is retiring as president of Manitoba Telecom Service Inc., paving the way for Jay Forbes to take on the roles of both chief executive and president, the company said Monday.
Forbes became CEO at the start of this year.
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.
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.
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.
Robert Dépatie, former CEO of Quebecor Inc., is resigning as CEO of restaurant operator St-Hubert Group, the company said Wednesday.
Dépatie was named the next CEO of St-Hubert in December last year, and his role took effect in February. He announced his resignation as Quebecor's CEO in April 2014 after less than a year in that role, citing health reasons. He had spent 13 years with Quebecor in other roles.
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.