Displaying items by tag: Canada
Meng Wanzhou, the chief financial officer of the Chinese telecom giant and daughter of its founder Ren Zhengfei, was detained in the Canadian city on a US warrant in late 2018. Her arrest put the 47-year-old at the center of the US and China's battle over Huawei's growing global reach. Hearings into whether she can be extradited to the United States will begin on January 20 in Vancouver, in a case with potential repercussions for ties between the US, China and Canada.
Tech titan Huawei has revealed its plans to deploy high-speed wireless internet in a number of remote, underserved communities in the North of Canada.
The Chinese tech firm has planned to deploy mainly 4G technology. This comes amid Huawei and the US’s controversial relationship. The US has imposed sanctions on the company as they have deemed the company a potential threat to their national security. Also, Canada and China are still in the midst of a diplomatic crisis concerning the detention of a Huawei executive.
Huawei has revealed that it will partner with Ice Wireless and Iristel to ensure that the rural communities will be connected by 2025. They also stated that alongside the remote areas of northeastern Quebec and Newfoundland & Labrador, around 25 communities in Nunavut territory would also benefit from the deployment.
“We strongly believe that everyone should be connected to 4G LTE, no matter where they live in Canada, even in areas where high-speed service may not be economically viable,” said President of Huawei Canada, Eric Li.
Huawei officials have stated that they will deploy wireless internet in some of the coldest places on earth, which are located in Canada.
VP of Ice Wireless and Iristel, Jean-Francois Dumoulin, said, “We need to use highly reliable, world-class equipment to minimize physical intervention and to avoid outages that risk making our communities isolated once again. That’s why we partner with Huawei Canada.”
In fact, this comes as the US has been pressuring its allies to avoid using Huawei to deploy their 5G networks and have claimed that Huawei has links to the Chinese government and may partake in cyber-espionage on their behalf. However, there has been no proof of this allegation being true.
Also, Canada and Huawei have also been at odds due to the arrest of Huawei’s Chief Financial Officer Neng Wanzhou, in December in Canada at the request of the US. Washington believes that she committed fraud by violating Iran sanctions and lying to US banks about it, which is why they want to put her on trial for fraud charges.
The fifth court hearing for Meng Wanzhou's case took place in Canada on May 8. Huawei issued a statement regarding this hearing in which it reveals three new and important disclosures that the lawyers for Ms. Meng made in court. From the outset, Huawei has expressed confidence in Ms. Meng’s innocence. “We have maintained that her U.S.-ordered arrest was an unlawful abuse of process – one guided by political considerations and tactics, not by the rule of law.”
Canada’s decision to begin extradition proceedings against Huawei CFO Meng Wanzhou has sparked an angry backlash in Beijing.
The prominent Huawei executive who is also the daughter of the company’s founder Ren Zhengfei was arrested and detained in Vancouver in December for allegedly violating US trade sanctions with Iran.
Diplomatic tensions between Canada and China has deteriorated following the arrest of Wanzhou - and a number of Canadian diplomats were subsequently arrested in Beijing in what was seen as a retaliatory tactic in response to her arrest.
However, tensions have now escalated following the announcement by Canadian officials that it will begin extradition proceedings of Wanzhou to the United States. Beijing said Ottawa’s decision was tantamount to a ‘severe political incident’.
The Canadian government released a statement in which it stressed that after engaging in a thorough review decided to formally commence with the extradition process.
The statement read, “Today, Department of Justice Canada officials issued an Authority to Proceed, formally commencing an extradition process in the case of Ms. Meng Wanzhou. The decision was made after we had conducted a thorough and diligent review which found sufficient evidence to warrant putting the matter before a judge.”
At the conclusion of the process -- which could last months, or even years -- Canada's attorney general will have the final say on whether or not to hand Meng over.
Beijing on Saturday voiced its "strong dissatisfaction and firm opposition to Canada, which obstinately moves forward the so-called judicial extradition process."
Foreign ministry spokesman Lu Kang said in a statement the US and Canada were "abusing their bilateral extradition treaty to apply arbitrary coercive measures against Chinese citizens, in violation of their rights and legitimate interests".
Kang described the decision by the Canadian government as a severe political incident and said the arrest was part of a politically motivated campaign being led by the US to discredit Chinese technology leaders such as Huawei and ZTE in an effort to gain control in the ongoing trade dispute between the United States and Chinese officials.
The US Department of Justice has confirmed that it will continue to seek the extradition of Huawei CFO Meng Wanzhou who was arrested in Vancouver in December. The DOJ are claiming that she violated trade sanctions with Iran and want her to appear on trial in the United States.
The arrest of the prominent Huawei CFO who is the daughter of the company’s founder kicked off a diplomatic row between China and Canada, which is still ongoing. China detained a number of Canadian diplomats in the immediate aftermath of the arrest of Wanzhou in Vancouver, which was seen as retaliation.
However, the DOJ are continuing their efforts in terms of extraditing the Huawei CFO back to US for questioning, despite reports to the contrary that claimed they were willing to drop the extradition order.
"We will continue to pursue the extradition of defendant Ms. Meng Wanzhou, and will meet all deadlines set by the US/Canada Extradition Treaty," said Justice Department spokesperson Marc Raimondi.
Wanzhou was freed on bail of Can$10 million (US$7.5 million) bail and is awaiting a hearing on her extradition. According to the agreement between the two countries, the United States has 60 days after an arrest made at its request in Canada to formalize an extradition request.
Once a request has been submitted, the Canadian justice ministry then has 30 days to proceed with official extradition proceedings, though the process can take months or years.
Meng Wanzhou, the chief financial officer of Huawei, has been released on Can$10 million bail by a Canadian court. The Chinese telecom executive faces a US extradition bid on charges related to alleged violations of Iran sanctions.
She was ordered to surrender her passport and will be subjected to electronic monitoring whilst she stays in Vancouver. Her lawyer said she was not deemed a flight risk, as she did not want to ‘embarrass China.’
The daughter of Huawei’s founder, Meng is accused of lying to bankers about the use of a covert subsidiary to sell to Iran in breach of sanctions. She faces more than 30 years in prison if she is convicted.
The extradition process, scheduled to start on February 6, could take months or even years.
Her arrest has shaken China's relations with Canada and the United States, with concerns that it could derail a US-China trade war truce. President Donald Trump has said he "would certainly intervene" in the case if it can help strike a deal with China.
Meanwhile, the US State Department called on China to "end all forms of arbitrary detentions" after Michael Kovrig - a North East Asia senior adviser, and former Canadian diplomat - was detained in Beijing. The international crisis group (ICG) said in a statement that it has received no information about Kovrig since his detention and is concerned about his health and safety.
Former Canadian ambassador to Beijing, Guy Saint-Jacques, said Kovrig's detention was likely linked to Meng's case.
"There is no coincidence in China," Saint-Jacques told AFP. "In this case it is clear the Chinese government wants to put maximum pressure on the Canadian government."
The CFO at Chinese telecommunications behemoth Huawei has been arrested and detained in Canada, in a move that has been met with vehement criticism amongst authorities in Beijing, who have called for her immediate release.
TELUS Corporation today released its unaudited results for the third quarter of 2018. For the quarter, the operator consolidated operating revenue of $3.8 billion increased by 11 per cent over the same period a year ago.
This growth was driven by higher wireless network and equipment revenues, wireline services revenue growth and higher other operating income resulting from our share of the non-recurring equity income related to real estate joint ventures of $171 million arising from the sale of TELUS Garden. Excluding this equity income consolidated operating revenue increased by 5.8 per cent.
Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased by 8.2 per cent to $1.3 billion due to higher revenue growth as referenced above and improved wireless equipment margins.
This growth was partly offset by incremental employee benefits expense due to recent business acquisitions and increased costs to support our growing customer base. Adjusted EBITDA was up 6.4 per cent when excluding the net gain from the sale of TELUS Garden, as well as restructuring and other costs, which included our committed donation of $118 million to the TELUS Friendly Future Foundation.
“TELUS reported strong operational and financial results for the third quarter, including robust customer growth across both the wireless and wireline segments of our business. This was buttressed by a continued excellent performance in wireless and wireline customer loyalty and lifetime revenue,” said Darren Entwistle, President and CEO. “Importantly, the TELUS team continues to achieve industry-leading postpaid wireless churn, and realized record third quarter high-speed Internet and TV retention levels. This performance was driven by our team’s relentless focus on providing exceptional customer experiences, and was anchored by the ongoing generational investments we are making in our leading broadband wireline and wireless networks, both of which are hallmarks of TELUS’ successful, long-term growth strategy.”
Mr. Entwistle added, “The efficacy of our broadband technology investments is reflected in TELUS, once again, being named as having the fastest mobile network in Canada by PCMag. This repeat acknowledgement builds on our outstanding record of achievement with respect to network excellence, having already earned the top spot in all major mobile networks reporting this year, including Ookla, J.D. Power and OpenSignal. These leading network rankings, each received consecutively for two or more years, reinforce the consistent superiority of TELUS’ broadband networks available to citizens across the country.
Mr. Entwistle further commented, “Our dividend increase announced today, on the back of our 41 per cent free cash flow growth, reflects the sixteenth increase since 2011, and is the fourth in our most recent three-year dividend growth program, targeting annual growth between seven and 10 per cent through 2019. This builds on our proven track record of providing investors with the industry’s best multi-year dividend growth program, which continues to generate significant value for our shareholders. Notably, TELUS has now returned $16 billion to shareholders, including $10.8 billion in dividends, representing $27 per share since 2004. We look forward to updating investors on the progression of this program at our 2019 annual general meeting.”
Doug French, Executive Vice-president and CFO said, “For the third quarter of 2018, TELUS delivered positive operational and financial results, reflecting the strength of our multiple product and valued service offerings, our commitment to customer service excellence and our network superiority. Our strategic capital investments are clearly paying off, as evidenced by our strong subscriber and loyalty results, and position us to maintain our network leadership as we progressively move towards the arrival of 5G.”
Mr. French added, “As we head into the seasonally important final quarter of 2018, we remain focused on executing against our strategy, amplifying our efforts on cost efficiency, focusing on margin accretive customer growth and investing to support our growth strategy. Today we are raising our full year 2018 assumption for restructuring and other costs, including an additional $50 million targeted towards further streamlining our business and enhancing our effectiveness in serving our growing customer base. This additional investment in restructuring, to be recorded in the fourth quarter of 2018, is expected to deliver annual cost savings of more than $50 million beginning next year. Meanwhile, our net debt to EBITDA leverage ratio continues to improve, putting us in good position for 2019.”
Bell Canada recently announced the launch of ‘Advanced Messaging’, the country's first integrated Rich Communications Services (RCS) messaging experience. Available first on Samsung's latest-generation smartphones, Bell Advanced Messaging offers a suite of mobile messaging features previously available through specialized third-party applications.
Bell customers with the recently announced Samsung Note8 as well as the Samsung Galaxy S8 and Galaxy S8+ are the first to experience these new messaging enhancements, without having to download an app or change their current setups. More smartphones will be enabled with Advanced Messaging in future and Bell will continue to enhance the service with new features.
Bell Advanced Messaging offers enhanced delivery notifications – shows if a message was sent, received, read or when the other person is typing; longer messages and group chat – messages can be up to 8,000 characters and group chats up to 100 participants; file transfers – supports higher-resolution pictures, longer videos and additional file types, such as PDF, XLS and ZIP files; and one messaging inbox and conversation history – combines all Advanced Messaging, SMS and MMS messages with the same contact in one convenient conversation view.
"As the first integrated RCS product available in Canada, Bell Advanced Messaging takes the standard mobile carrier messaging experience to the next level with powerful new features like group chat, high-res photo sharing, read receipts and much more," said Nauby Jacob, Bell's Vice President, Products and Services. "We're proud to partner with Samsung to bring our customers this Canadian first on the country's fastest ranked mobile network and the first in North America to offer full Quad Band LTE data speeds."
The Samsung Note8 is also the latest Samsung device to operate on Bell's Quad Band LTE-A network, which can deliver mobile data speeds of up to 750 Mbps (expected average speeds of 25 to 220 Mbps). A North American first, Bell's Quad Band network was launched in April and service is already available in approximately 50 cities throughout Canada.
"We are committed to helping accelerate and expand advanced messaging through our infrastructure and services, and thrilled to deliver this experience to our Galaxy Note8, Galaxy S8 and Galaxy S8+ customers through Bell," said Paul Brannen, COO and EVP of Mobile Devices for Samsung Canada.
Mobile Klinik, Canada’s fastest growing professional smartphone and tablet repair chain, today announced completion of an acquisition of mobilFIX and Dr. Mobile smartphone repair businesses for an undisclosed amount. The chain has nine smartphone repair outlets, with seven established locations in the Edmonton area and two other stores opening soon, also in Alberta.
“This acquisition both accelerates our profitable growth and will anchor our growth strategy in Western Canada,” said Rob Bruce, Founding Partner and CEO, Mobile Klinik. “We are excited to work with the talented team at mobilFIX and Dr. Mobile to serve Albertans with while-you-wait, fully warrantied professional smartphone and tablet repair.
Sunil Goel, former CEO of mobilFIX and Dr. Mobile (www.mobilfix.ca) will take on a new national role at Mobile Klinik. He said: “Joining forces with Mobile Klinik gives us access to growth capital, experienced leadership, and an opportunity for our team to join the most professional smartphone repair company in Canada.”
mobilFIX and Dr. Mobile, established in 2013, operate two locations each in West Edmonton Mall. mobilFIX operates another three locations in the Edmonton area. All seven current locations will remain open to serve customers as they transition to the Mobile Klinik brand. The other two locations will open shortly as Mobile Klinik.
Mobile Klinik offers dedicated professional smartphone and tablet repair, most times in less than 60 minutes. Expert technicians offer immediate, on-site diagnosis and quote to repair a broken smartphone or tablet with premium quality parts and a lifetime warranty on parts and labour.
Mobile Klinik’s concept of while you wait professional smartphone repair was introduced to Canada by four Canadian wireless and retail industry leaders: Rob Bruce, former President, Rogers Communications; Ken Campbell, former CEO, WIND Mobile; and Alain Adam and Naaman Zorub, entrepreneurs who operate a number of wireless retail stores and other businesses in Ottawa and Gatineau. Since opening the first store in Ottawa in September 2015, and including today’s announced acquisition, Mobile Klinik operates 20 locations in major shopping malls and other high-traffic retail locations in Ontario, Quebec and Alberta. More locations will open soon.