Bernier reconsidering foreign ownership caps while firm pursues Bell, say reports

NEW YORK – During a recent trip to New York City, Industry Minister Maxime Bernier told reporters there the Conservative government is considering allowing foreign companies buy incumbent telcos or build their own networks in Canada, according to a Bloomberg news report. "It's an option on the table,'' Bernier told Bloomberg News on Friday. "I just want to be sure to know the impact of that if we're opening the foreign investment in telecom,'' he said in the story. Current Canadian law limits foreign ownership in Canuck telcos like Bell Canada or Telus to a maximum of 46%. Click here...