Originally published: June 7, 2010
Last updated: June 7, 2010 - 6:47pm
On June 7, the Canadian government said that the country's large telephone companies such as Bell Canada and Rogers Communications may be covered by new rules that will make it easier for foreigners to invest in Canada.
"Having it as closed as it is now is starting to impede the ability of the players to compete, to innovate, to sustain the capital investment that is required for a modern, digital economy," Industry Minister Tony Clement said. Clement said he plans to introduce legislation to liberalize Canada's C$40 billion ($37.9 billion) telecommunications industry. That would move the country a step closer to allowing foreign investors to acquire companies like BCE, the country's largest phone company with a market value of about C$24 billion, and the biggest wireless carrier, Rogers. Clement said that he will offer three options for reducing restrictions on foreign ownership. BCE, Rogers and other large phone companies may have to change their corporate structures to tap foreign capital, because the government doesn't plan to change broadcasting rules that prevent foreign control of a Canadian company, Clement said.
- Regulator Says Canada Cable Firms May Negotiate Fee
- Canada regulator approves BCE's takeover of CTV
- Canada competition bureau backs C$3 Billion BCE-Astral deal
- Panel Suggests Canada Ease Telecom Restrictions
- Report of Talk to Take Over Bell Canada
- Canada court overturns government ruling on Globalive
- Canada telecoms say rule changes must apply to all
- Canada Sleeps Through War to 'Save the Internet'
- Bell Canada to Retake Control of Canadian TV Network
- Rogers to Pay C$700 Million for Shaw’s Spectrum, Cable Unit
- Telecom investors may have dialed wrong number
- Canadian Regulator Said to Favor Keeping Bar on Foreign Control
- Canada won't block $4.5 billion sale of Nortel patents
- Canada’s Competition Bureau plans investigation into Google Canada
- Vodafone Wins India Tax Case