By Alastair Sharp and Euan Rocha TORONTO August 1 (Reuters) – Canadas three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases. BCE Inc , Rogers Communications Inc and Telus Corp dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canadas telecom giants are pushing into uncharted businesses. Some of the moves – such as Rogers C$5.2 billion-deal ($4.8 billion) for exclusive National Hockey League broadcast rights – may bring a rapid pay-off. Others, like Telus bid to dominate healthcare services, are gambles that may not pay off for many years.
Canada’s telcos burst into banking, healthcare in hunt for growth
01
Aug
2014
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