Telecom shares were mostly higher in afternoon trading. The S&P/TSX Telecom Services index was up 0.2%.
Telus (T.TO): -0.4%
Glentel (GLN.TO): -0.2%
Rogers Communications (RCI-B.TO): +0.6%
BCE (BCE.TO): +0.3%
Manitoba Telecom Services (MBT.TO): +0.3%
In corporate news, Telus unveiled a new cloud-based mobile device management solution, made for enhancing the security of mobile devices for Canadian businesses without having to invest in infrastructure. The telecommunications company said this cloud-based solution eliminates the need for on-premise hardware, while pre-configured user profiles simplify enrolling, configuring and updating devices, freeing up a company's IT resources.
Meanwhile, Glentel plans to issue $200 million in senior unsecured notes due 2019 through a syndicate of underwriters, led by BMO Nesbitt Burns and CIBC World Markets, in a private placement transaction.
The provider of wireless communications services will use the net proceeds from the offering for general corporate purposes.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
