Canada could open doors to foreign telecom investors

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.

For more:
- Reuters has this article

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