TORONTO – Foreign capital investment for small telecommunications providers will drive competitive growth in Canada, said Allstream president Dean Prevost.
During his keynote speech Wednesday at the Canadian Telecom Summit in Toronto, Prevost praised the government’s new policy direction that will ease restrictions on foreign capital investment for telcos with less than 10% of the country’s total telecommunications market revenue.
"We have a Federal Government that recognizes the need to drive more investment and competition in our industry," he said. "Finally, Canada can tap into global risk capital, which I believe will really move our industry forward."
Prevost also highlighted the need for a new policy framework in support of mandated wholesale access to broadband Ethernet that he says will ensure “a thriving and competitive market for IP network services” in Canada.
"Mandating access to wholesale Ethernet will get business services to the market faster, and will generate even more innovation”, he added. “All of which is great for Canadian businesses and Canadian productivity."
– Cartt.ca staff
