Ownership rules stand, Clement says

Fri, 12/11/2009 - 19:23 EDT - Financial Post

Industry Minister Tony Clement went to great lengths Friday to make it clear that his decision to permit Globalive Wireless Management Corp.’s entry into the cellphone market, overruling the government’s telecommunications regulator, shouldn’t be interpreted as a wholesale change to foreign-ownership rules.

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Globalive ruling could spur foreign ownership revamp
Ottawa may be forced to begin the potentially thorny process of liberalizing the country’s foreign-ownership rules, analysts suggest, after the CRTC blocked Globalive Wireless Management Corp.’s entry into Canada’s cellphone market – thereby threatening a pledge to bring increased competition and lower prices for Canadian mobile subscribers.
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Ownership rules stand, Clement says

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