MONTREAL – Current restrictions on foreign investment are hindering growth, innovation, and competition in the Canadian telecommunications industry, said Allstream president Dean Prevost.
Prevost made the comments on Thursday during a speech at the Board of Trade of Metropolitan Montreal.
"For your business, the network is oxygen: critical for survival… but that network – in Canada – is in danger of being starved of oxygen unless there are changes in the investment climate – and, specifically, the rules for who can invest in our industry," he said. "Right now, with the rules and policies as they are, the newer and more innovative providers have limited access to risk and investment capital to keep evolving our networks for the future."
