03-03-2010, 11:35 AM
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#1
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i like gifs
Join Date: Dec 2001
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Federal government to open cellphone market to foreign ownership
http://ow.ly/1dR9k
Quote:
OTTAWA — Canada’s closed-shop telecommunications industry is being thrown open to foreign competition.
The government says in the throne speech that it intends to open the doors to allow foreign players into the market.
Details of the new policy shift will likely be announced in Thursday’s budget.
But analysts say such a measure would allow foreign giants such as U.S.-based Verizon to compete in Canada with the established wireless carriers, Bell Mobility, Rogers and Telus.
Critics of the current system say the virtual monopoly of the Big Three has kept phone rates artificially high and slowed innovation.
But others say the measure is a first step that could lead to allowing foreign entities to own television and radio networks operating in Canada.
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About time! Hopefully this will get us away from our 3rd world country rank haha
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