Canada will ease restrictions on telecom foreign ownership
In yesterday's pre-budget Throne Speech, the government announced that it will allow greater foreign investment into Canada's regulated telecom sector.
The Harper Government had already signaled its intentions when it allowed Globalive to launch its WIND wireless service despite the fact that most of the investment behind the product came from an Israeli company.
The move will likely increase competition and may result in mergers and acquisitions. Perhaps we'll even see another attempt to merge Telus and Bell.
Personally, I think its positive new for the industry and Canadian consumers.
Stumble It!
The Harper Government had already signaled its intentions when it allowed Globalive to launch its WIND wireless service despite the fact that most of the investment behind the product came from an Israeli company.
The move will likely increase competition and may result in mergers and acquisitions. Perhaps we'll even see another attempt to merge Telus and Bell.
Personally, I think its positive new for the industry and Canadian consumers.
Stumble It!
