Liberalize investment restrictions in telecom and broadcasting: report

OTTAWA – Investment restrictions in Canada’s telecommunications and broadcasting sectors should be liberalized as part of a wider plan to ensure Canada becomes more competitive to spur productivity enhancements that’ll lead to a higher quality of life, according to a report by the Competition Policy Review Panel that was released Thursday. The report, Compete to Win, calls for investment rules for the telecommunications, broadcasting and other sectors to be reviewed every five years. It recommends a two-phase approach to foreign participation in the telecommunications and broadcasting industry. In the first five years, foreign telecommunications companies could establish a new Canadian business...