Foreign investment restrictions "starved" Canadian telco industry, says Allstream's Prevost

VANCOUVER – Count Allstream president Dean Prevost firmly in favour of removing foreign investment restrictions on smaller telcos and new entrants in Canada. Speaking Thursday at the Vancouver Board of Trade, Prevost predicted that Industry Canada's recent decision to lift the current restrictions from wireless companies with less than a 10% share of the country’s total telecommunications market revenue will serve to strengthen the industry. "For your business, the network is oxygen: it's critical for survival… but that network - in Canada - was for decades starved of oxygen," he said. "This was the result of restrictions that inhibited investment in our...