72000 users on Cityfido, 40 000 of which are new cusotmers
Globe says City Fido brings Microcell a bone
Microcell Telecommunications Inc (2) MT
Shares issued 3,769,774 Feb 12 close $25.50
Fri 13 Feb 2004 In the News
The Globe and Mail reports in its Friday, Feb. 13, edition that about 40
per cent of the new customers Microcell Telecommunications signed on in the
fourth quarter were in Vancouver, attracted by the Montreal-based company's
innovative City Fido mobile phone plan. The Globe's Dave Ebner writes that
City Fido, which offers unlimited calling for $40 a month, was introduced
in October. Andre Tremblay, Microcell president and chief executive
officer, said it was the "true highlight" of the October-December period.
Mr. Tremblay further described the quarter as "the successful culmination"
of the company's efforts to re-establish itself after a court-protected
restructuring earlier in 2003. He said fourth quarter results "clearly
confirm" that Microcell is poised for long-term success. In the three
months ended Dec. 31, Microcell attracted 107,422 new customers to increase
its total to 1.25 million. About 72,000 customers were on City Fido at the
end of the year with about 40,000 of those being new Microcell subscribers.
(c) Copyright 2004 Canjex Publishing Ltd. http://www.stockwatch.com
JF Mezei - 14 Feb 2004 06:29 GMT
> restructuring earlier in 2003. He said fourth quarter results "clearly
> confirm" that Microcell is poised for long-term success. In the three
> months ended Dec. 31, Microcell attracted 107,422 new customers to increase
> its total to 1.25 million.
But the minute the news come out about Fido going on contracts, Fido will lose
a lot of attractiveness overall, even if initially, the contracts apply only
to certain packages.
Videotron switched to contracts. It grandfathered non-contract customers for a
while, but last year, it unilaterally imposed contracts on those customers at
a random date, sending an email to them telling them it was just a simple
"notice of renewall". And staff were told to tell customers who called that
they had always been under a contract, and refused to send them details of the
contract that they tried to imposed on all remaining non-contract customers.
And while certainly not ethical, it was essentially legal.
So, from the day Fido announces it will offer contracts, one will have to read
ALL of the fine print on each month's bill to see if Fido will impose a
contract on you. As long as they annoucne they'ore imposing a contract on you,
and you don't call to refuse, they are legally able to impose this contract.
Joseph - 14 Feb 2004 17:05 GMT
>So, from the day Fido announces it will offer contracts, one will have to read
>ALL of the fine print on each month's bill to see if Fido will impose a
>contract on you. As long as they annoucne they'ore imposing a contract on you,
>and you don't call to refuse, they are legally able to impose this contract.
You seem to be under the impression that once you are on contract you
are on contract for the rest of the time you associate with a company.
Mobile contracts don't work that way. Once you have fulfilled your
contract obligation you are free to leave at any time without any ETF.
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