In its March 3, 2010 Throne Speech the Government of Canada has announced its intention to “open Canada’s doors further to venture capital and to foreign investment in key sectors, including the satellite and telecommunications industries, giving Canadian firms access to the funds and expertise they need.” This is stated to be part of the Government of Canada’s plans to increase the competitiveness and productivity of the Canadian economy.

It is not known when we will see amending legislation to liberalize the ownership and control laws applicable to the telecommunications sector, or whether there will be further study and debate on foreign ownership limitations which currently apply to both the broadcasting and telecommunications sectors, including the satellite sector.

We will be following developments closely on this issue, and will report further once the next steps become clearer.