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Canadian government to loosen foreign ownership restrictions in telecommunications sector

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • March 15 2012

As part of its plan to auction rights for the 700 MHz spectrum band, the Canadian government announced yesterday that it plans to amend the Telecommunications Act to lift foreign investment restrictions for telecommunications companies holding less than a 10 per-cent share of the total Canadian telecommunications market