Canadian Telecommunication Act

Telecommunication Act

Amendments have been made in Canadian Telecommunication Act in order to liberalize the telecommunication for foreign investors. The goal of this policy is to increase revenue, develop technological infrastructure and to increase competition in the telecommunication sector.

Analysis of Canadian Telecommunication Act

In recent times, amendments have been made in Canadian Telecommunication Act. These changes concentrated on removing foreign ownership restrictions that "previously restricted foreign telecommunication service providers to hold less than a 10% share of the total Canadian telecommunications market based on revenue"(Iacobucci & Trebilcock, 2012). According to the policy, restrictions in the telecommunication sector ensured that Canadian companies remained in competition and earth stations, submarines cables and satellites had to be owned by Canadians and not by any foreigner (Beaudry, 2010). Voting shares also had to be owned by Canadians. It also required that the board of directors of that carrier had 80%...
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