Earlier this month, Industry Canada announced new foreign ownership rules for the telecom sector. The current rules were loosened to allow foreign companies to take full ownership of a carrier with less than a 10 percent market share. Citing unnamed sources, The Globe and Mail reports they could take effect before the end of June. The necessary amendments to the […]
Telecom
Industry Canada announces spectrum auction and foreign ownership rules
The Canadian government today finally announced updated foreign ownership rules along with details about its next spectrum auction. The new rules are expected to bring about greater competition. “Our government has taken significant action to promote competition in the wireless sector, and our decisions have helped to reduce mobile wireless prices for Canadian families by 10 percent since 2008,” said […]
Industry Canada to announce next spectrum auction details today?
The Canadian government may be about to finally announce the details for the next spectrum auction (covering spectrum in the 700 and 2,500MHz bands). According to The Globe and Mail, Industry Minister Christian Paradis is scheduled to make a telecom policy announcement at 16:15 ET after financial markets close. The announcement could also announce a decision about foreign investment in […]
Canada set to announce rules for next wireless spectrum auction?
Citing “a person familiar with the plans,” Bloomberg is reporting that the Canadian government will outline sometime in February the rules for the next spectrum auction (covering spectrum in the 700 and 2,500MHz bands). The details could be made available as early as February 13th. The auction is expected to take place later this year but delays in announcing the […]
No decision yet on telecom foreign ownership from new Canadian Industry Minister
With a majority now in hand, Canada’s Conservative government is expected to have an easier time moving forward with its political agenda. One item garnering attention this week is how the government will move forward with easing foreign ownership rules in the telecommunication sector. It had first announced this intention more than a year ago. New Industry Minister Christian Paradis […]