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Canada’s Big 4 Telecoms Are Juggling $100 Billion in Debt
(www.iphoneincanada.ca)
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this post was submitted on 26 May 2025
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I don't know much about the finances of Canada's cozy little club of giant telecoms but it's very tempting to imagine that they became accustomed to ever-increasing profits as they jacked up the prices to unsustainable levels over the past twenty years, and now they've finally hit the point where it cannot be sustained any more. The line no longer goes up. Maybe it's not exactly the final crisis of capitalism, but it's a start.
This ^. Our shaw bundle started out about $95 and year over year they increased fees, until it hit $225 a month. At that point I dropped everything and went with a lesser plan at $110. Bell Mobile did the same with my wife's phone plan, no phone since it was paid for, but $100 a month for terrible plan. We switched to Koodo for $35 a month and more data. Bell called and said they could do $85 a month, lol, why would I pay $50 more for no gain. Both situations the companies could have had a loyal customer but they had to let greed eliminate a paying customer.