Only two recommendations from Industry Committee after foreign ownership review

OTTAWA – Given the recently launched public consultation of foreign ownership/investment in Canadian telecom carriers announced last week by Industry Minister Tony Clement, the report of the standing committee on industry, science and technology on that very topic, released late Wednesday, is more than a little anticlimactic.The process was inspired by the situation that arose with Globalive Communications. It spent over $400 million on wireless spectrum in 2008 and was approved to operate as a Canadian wireless carrier by Industry Canada, but then denied by the CRTC in the fall of 2009 (which said due to the amount of foreign...