Trilon boosts dividend

Article Abstract:

Trilon Financial Corp. of Toronto, Ontario, will take advantage of robust earnings with profits rising by 29% to $44 million during the third quarter of 1998 to improve its quarterly dividend by 20% to 12 cents per share. Trilon Financial president and chief executive officer George Myhal noted that the firm's earnings have risen for every quarter of 1998. The company, which surprised analysts with its latest performance, posted just $34 million in profits in 1997. Financial services firms are currently experiencing falling profits due to erratic financial markets.

Comment:

Will take advantage of robust earnings with profits rising by 29% in 1998 to improve quarterly dividend by 20%

Sales, profits & dividends, Insurance, Insurance Carriers and Related Activities, Trilon Financial Corp.

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Clearnet launches PCS roaming service

Article Abstract:

Clearnet Communications Inc., a Toronto, Ontario-based company that provides digital personal communication services (PCS), has partnered with thee US-based PCS operators to introduce automatic roaming service. The new service allows Clearnet customers, which currently use more costly manual roaming, to use their portable PCS telephones in the US without operator assistance and added fees. The three US firms include Sprint PCS of Kansas City, MO, PrimeCo Personal Communications LP of Dallas, TX, and WirelessNorth of Plymouth, MN.

Comment:

Partners with thee US-based PCS operators to introduce automatic roaming service

Services introduction, Personal communications services, TELUS Mobility

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Clearnet Communications Inc

Article Abstract:

Clearnet Communications Inc, a leading wireless communications firm in Canada, appointed Jim Balsillie to the firm's Board of Directors. A graduate of the Harvard Graduate School of Business Administration and the University of Toronto, Balsillie acted as Chairman and co-CEO of Research in Motion Ltd, a leading developer, producer and marketer of innovative wireless solutions for the mobile data communications market.

Canada, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Executive changes & profiles, Cellular telephone services

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