Spectrum, foreign ownership rules favour smaller players, says Moody's

TORONTO – The newly announced rules for the pending 700 MHz wireless spectrum auction and on foreign ownership could damage the credit ratings of the country’s three wireless incumbents, according to Moody's Investors Service. The ratings agency said Thursday that the government’s new rules are credit-negative for Baa1-rated Bell Canada, Rogers Communications and Telus Corp. Conversely, those rules are credit-positive for Canada’s five regional service providers and the three wireless-only new entrants. www.moodys.com