Canada’s telecom market could see a $2 billion Covid-19 hit

TORONTO — The economic impact of the global Covid-19 pandemic and the measures taken by government to try to contain the virus will result in a significant revenue slowdown in the Canadian telecom services market in 2020 and beyond, according to telecom and IT market research firm International Data Corporation (IDC) Canada. In research analysis released last week, IDC Canada presents three different scenarios for the effect Covid-19 will have on the telecom services market: optimistic, probable and pessimistic. In the most probable scenario, IDC Canada projects the telecom services market will contract by almost $2 billion, with overall revenues...