The Canadian government has announced two measures designed to make the telecommunications market more competitive: (1) it will ease foreign ownership restrictions by amending the Telecommunications Act, and (2) place caps on upcoming wireless spectrum auctions for bids from smaller wireless firms and new entrants such as Wind Mobile, Mobilicity and Videotron.
The Telecommunications Act currently forbids foreign investors from owning more than 20 percent of voting shares of Canadian-controlled firms. The government seeks to exempt telecom companies with less than 10 percent of Canadian market share from the current foreign investment restrictions. The caps on the spectrum auctions will apply to the future 700-MHz prime spectrum auction and the 2,500-MHz band auction.
Full content: Ottawa Citizen
Related content: Canada Enacts Significant Changes to its Foreign Investment Laws (Catherine Pawluch, Kevin Wright & Jonathan Gilhen, Davis LLP)
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI