Foreign investment "crucial" to Canada's telecom industry, says Allstream president

MONTREAL – Current restrictions on foreign investment are hindering growth, innovation, and competition in the Canadian telecommunications industry, said Allstream president Dean Prevost. Prevost made the comments on Thursday during a speech at the Board of Trade of Metropolitan Montreal. "For your business, the network is oxygen: critical for survival… but that network - in Canada - is in danger of being starved of oxygen unless there are changes in the investment climate - and, specifically, the rules for who can invest in our industry," he said. "Right now, with the rules and policies as they are, the newer and...