CTS 2012: Allstream anticipates foreign investment

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...