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Dany Lavoie, left and Jean Claude Bresson, both of Montreal installing a cellular phone dish in 30C weather near Shedden, Ont. just south of Highway 401.
Dany Lavoie, left and Jean Claude Bresson, both of Montreal installing a cellular phone dish in 30C weather near Shedden, Ont. just south of Highway 401.
(Mike Hensen/The Canadian Press/London Free Press)

Fourth wireless carrier will bruise incumbents: analyst

Canadian telecom shares dipped Tuesday morning after an analyst report laid out a path to a fourth national wireless carrier and argued the federal government is willing to do whatever it takes to make it happen.

In a research note dramatically titled, “Government Ready to Deliver the Final Blow,” Scotia Capital Inc.’s Jeff Fan cut his target prices on Rogers Communications Inc., BCE Inc., and Telus Corp. Mr. Fan said he believes the Big Three carriers’ dividends are safe but warned growth expectations should be tempered if that fourth competitor emerges.