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

Expect a full dose of Kubernetes at next week's VMworld conference in San Francisco, according to VMware CEO Pat Gelsinger.

If there is indeed a global recession in the offing, no one has told the top cloud and colocation providers.

On the same day as its second quarter earnings, VMware announced it's buying Carbon Black and Pivotal for a combined value of $4.8 billion.