TerreStar denied application to deduct spectrum leasing revenues from regulatory contributions

OTTAWA – The CRTC on Thursday rejected an application by TerreStar to reduce its regulatory fee obligations by deducting its spectrum leasing revenues. The Montreal-based mobile satellite and cell services provider filed an application in November asking the CRTC to make a determination that the sale or leasing of spectrum did not qualify as a telecommunications-related expense, which would have reduced its obligation to the National Contribution Fund. The NCF goes to fund broadband infrastructure in the country. In March 2022, TerreStar filed its annual revenue report and deducted its spectrum leasing revenues. The CRTC said it couldn’t do that....