What did he expect, lower costs and better service?
How did Jim Prentice think BCE's new private equity purchasers were going to pay off $44 billion of junk bond acquisition debt? A bake sale? This Prentice guy is naive inthe extreme. Dare I say Apprentice?
Canada Industry Min Slams Bell, Telus Fee Plan, Summons CEOs
OTTAWA (Dow Jones)--Canada's Industry Minister Jim Prentice Wednesday said Bell Mobility and Telus Corp.'s (TU)plan to charge for incoming text messages is "poorly thought out" and has summoned the heads of both companies to Ottawa to explain the decision.
Prentice said he has "no desire to interfere" in their daily business decisions but he has a duty to protect consumers' interests.
"I believe this was a poorly thought-out decision," Prentice said in a statement.
He said he has sent letters to the chief executives of both companies, asking them to meet him before Aug. 8 "to explain this aspect of their text messaging pricing structure with a view to finding a solution that provides the best service to consumers at the best price."
Wednesday, July 9, 2008
Posted by Fillibluster at 3:46 PM