Industry Minister moots removal of foreign ownership limits for telecoms

Posted on June 11, 2010

The Minister of Industry, Tony Clement, today announced the launch of a public consultation on foreign investment restrictions in the telecommunications sector. The Minister issued a consultation paper that calls for consideration of three options:

  • Increasing the limit for direct foreign investment in broadcasting and telecommunications common carriers to 49 percent;
  • Lifting restrictions on telecommunications common carriers with a 10-percent market share or less, by revenue; or
  • Removing telecommunications restrictions completely.

The consultation period will end on July 30, 2010.
 

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