Canada: Lawmakers ask for clarity on foreign telecom ownership

As pressure grows to free up Canada's market to allow outside ownership of the country's service providers, Canada's lawmakers want the government to "clarify" current regulations that limit how much outsiders can own.

A report issued today by The House of Commons Industry Committee pointed out that a "control in fact" rule that bars a foreign company from taking over Canadian service provider through debt is "open to interpretation and controversial." In addition, the committee believes that foreign investors should also be able to invest in Canada's satellite industry.

Canadian lawmakers will likely have a battle on their hands from the Canadian Radio-television and Telecommunications Commission (CRTC), which maintains that foreign investments in its telecommunications carriers should be limited.

For more:
- Bloomberg has this article

Related articles:
Canada could open doors to foreign telecom investors
Canada's telecom regulator puts kibosh on foreign ownership
Telus upgrades Vancouver network to challenge Shaw Cable

Suggested Articles

Telco Systems announced that it has achieved a performance milestone in the development of a full Open vSwitch data path hardware offload solution.

GBI is using Nuage Networks' SD-WAN technologies to connect branch locations to both public and private clouds in the Middle East and Africa.

For the first time, Huawei has put some numbers behind the impact that the U.S. ban is having on its bottom line.