GATINEAU – The CRTC has denied a request by Globalive (Wind Mobile) to review Telus’ foreign ownership.
“The commission is satisfied that Telus’ mechanisms for ensuring its compliance are consistent with the provisions and requirements established,” and that it “does not consider there to be sufficient evidence of non-compliance on the record of this proceeding to warrant a review,” the CRTC wrote in its decision.
Globalive requested the review claiming the carrier was in breach of regulations that prevent non-Canadians from owning more than 33.3% of the common shares of incumbent telcos like Telus. Telus reported last week that Mason Capital had dramatically reduced its shares in the company, with its level of foreign ownership falling from 33% to 15%.
Wind Mobile responded it was disappointed by the decision not to proceed with an open and transparent public review of Telus.
“While we respect the Commission’s decision, we are, of course, disappointed,” said Simon Lockie, Chief Regulatory Officer of Wind Mobile. “We consider this a missed opportunity for the Commission to provide all industry players with much-needed guidance and clarity on these important matters.”
Wind says it requested a full public inquiry to help ensure a fair and level playing field that protects all Canadians. It added that it remains committed to this issue, and will continue working with the commission in this regard.
