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Mobilicity says Telus to acquire company for $350 million in proposed sale

TORONTO - Mobilicity says it has agreed to be purchased by Telus Corp. (TSX:T) for $350 million. Mobilicity says the proposed sale is subject to approval by the Ontario Superior Court of Justice, the Competition Bureau, Industry Canada, and Mobilicity's debtholders. Telus has twice tried to buy struggling Mobilicity, but both times the deal was rejected by Industry Canada. "We will not approve spectrum-transfer requests that decrease competition in our wireless sector," Jake Enwright, a spokesman for Industry Minister James Moore, said Friday.

Telecom company Rogers doles out nearly $40 million on its two CEOs in 2013

TORONTO - Rogers Communications (TSX:RCI.B) doled out nearly $40 million last year paying the two executives who held the top position at the telecom company. Guy Laurence, who only stepped into the CEO role on Dec. 2, made a total of $12.7 million in 2013, according to figures disclosed in Rogers' annual report. Retired CEO Nadir Mohamed took home total compensation of $26.8 million last year, the bulk of it coming from his retirement package. Laurence, who was the former head of UK-based telecom company Vodafone, received a base salary of $69,231 for the year.

Osisko Mining announces new deal with Yamana Gold and Agnico Eagle

Osisko Mining Corp. (TSX:OSK) announced a new friendly deal Wednesday valued at $3.9 billion that will see the gold miner acquired by Yamana Gold and Agnico Eagle Mines Ltd. The offer for the company and its Canadian Malartic mine in Quebec tops a rival hostile bid by Goldcorp (TSX:G) that was valued at $3.6 billion or $7.65 per share.

Yamana, Agnico Eagle bid $3.9 bn for gold miner Osisko

Yamana Gold Inc and Agnico Eagle Mines Limited upped the ante in a bidding war for Canada's Osisko Mining Corporation on Wednesday by announcing a deal valued at Can$3.9 billion. The cash and stock offer worth Can$8.15 per share for 100 percent of the company is 11 percent higher than the latest hostile bid by rival Goldcorp for Osisko's mining and exploration assets. Osisko's main asset is a massive gold mine in Canada's Quebec province.

TransAlta named preferred bidder for C$565M Australian power plant

CALGARY - TransAlta Corp. (TSX:TA) says it has been named the preferred bidder for the South Hedland Power Project in Australia. Subject to final approvals, TransAlta will invest the equivalent of almost C$565 million in a 150-megawatt, gas-fired power station in South Hedland, Western Australia, that it will build, own and operate. TransAlta said Tuesday that the combined cycle gas power station is expected to be delivering power in 2016 with full commissioning of the station in 2017.

Shaw Communications to cut 400 jobs in structure revamp

(Reuters) - Shaw Communications Inc, a Western Canada-focused cable-TV and media company, said on Monday it will cut 400 jobs as it consolidates several operating units into a new consumer unit to improve efficiency. The Calgary-based company, which faces tough competition for TV and Internet customers from telecom rival Telus Corp, said that both management and nonmanagement jobs will be affected, but that it will also hire more than 100 people to support the new structure.

Quebec court rules against Telus over raising text fees between 2008 and 2011

MONTREAL - A Quebec court has ruled that Telus must reimburse customers more than $2.6 million for text messaging fees that the mobile phone carrier collected between 2008 and 2011. The Quebec Superior Court ruling on a class-action suit against Telus says the Vancouver-based carrier unlilaterally changed the terms of contracts for 177,425 customers in Quebec and began to charge 15 cents per incoming text message. If the ruling stands, each customer would be reimbursed about $15. Telus (TSX:T) says it's reviewing the court decision and may appeal.

Goldcorp raises cash and stock bid for Osisko Mining to $3.6 billion

VANCOUVER - Goldcorp Inc. (TSX:G) increased its hostile takeover offer for Osisko Mining Corp. (TSX:OSK) to $3.6 billion in stock and cash on Thursday in an attempt to topple a rival deal reached last week by Osisko. Goldcorp's new bid for Osisko and its flagship Canadian Malartic gold mine in Quebec is up against a friendly offer involving Yamana Gold (TSX:YRI) and two of Canada's largest pension funds that valued Montreal-based Osisko at about $3.4 billion.

Osisko takeover battle heats up as Goldcorp raises offer

By Allison Martell and Nicole Mordant TORONTO/VANCOUVER (Reuters) - Goldcorp Inc <G.TO> raised its hostile takeover offer for Osisko Mining Corp <OSK.TO> on Thursday, squeaking above a white knight bid by Yamana Gold Inc <YRI.TO> and heightening a bidding war that has helped inject life into a depressed gold mining sector.

Calgary's Shaw Communications reports higher Q2 net income of $222 million

CALGARY - Cable and media giant Shaw Communications Inc. (TSX:SJR.B) posted higher net income of $222 million in the second quarter, as it benefited from the sale of two French-language channels. The earnings, which amounted to 46 cents per share for the three month period ended Feb. 28, compared with net income of $182 million, or 38 cents per share, in the same quarter a year earlier. The Calgary-based company reported that its revenue edged up two per cent to $1.27 billion, from $1.25 billion a year earlier.
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