Investors that want a piece of Canada's telecom action may finally get their day as the country plans to put out a consultation document that could outline more foreign investment in its telecom sector.
Although he would not elaborate on the details, Tony Clement, Canadian Industry Minister said at an industry event in Toronto that the paper will define three options to reform Canada's telecom industry. However, Clement added that these options will not affect Canada's broadcasting sector.
Previously, the Canadian Radio-television and Telecommunications Commission (CRTC) asked the Canadian government to retain rules that prevented foreign companies from owning a large stake in any of the country's telecom or broadcasting companies.
- Reuters has this article
Canada's telecom regulator puts kibosh on foreign ownership
Telus upgrades Vancouver network to challenge Shaw Cable
BCE funds broadband expansion with SkyTerra sale proceeds
Telus commits capital to Alberta wireline, wireless market
Telus' wireline revenues dip, but IP services continue to shine