Opening telecom

Changes are coming to the Canadian telecommunications industry, the National Post reported on Monday. Industry Minister Tony Clement announced that Ottawa plans to open up Canadian telecom to more foreign direct investment. The minister said that a consultation paper will be released soon that will outline three options to adjust investment regulations without impacting Canadian content. Current rules prevent foreign companies from owning more than 20 per cent of a communications operator.

Published: Wednesday, 06/09/2010 12:00 am EDT

Changes are coming to the Canadian telecommunications industry, the National Post reported on Monday. Industry Minister Tony Clement announced that Ottawa plans to open up Canadian telecom to more foreign direct investment. The minister said that a consultation paper will be released soon that will outline three options to adjust investment regulations without impacting Canadian content. Current rules prevent foreign companies from owning more than 20 per cent of a communications operator.

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