Telus says it's prepared for increased wholesale competition in light of CRTC proceeding

By Ahmad Hathout MONTREAL – Doug French, executive vice president and chief financial officer of Telus, said Tuesday that the company is confident that it could weather increased wholesale-based competition in western Canada in light of a CRTC proceeding launched earlier this month that will look to lower the rates competitors pay for access to incumbent networks. The CRTC announced it is embarking on establishing a new wholesale framework that it said would address higher broadband prices in the country. A hearing on the matter is likely to be held next year. Meanwhile, the regulator will release a decision before...