Telecommunication market will be more competitive

By Staff | June 28, 2013 | Last updated on June 28, 2013
1 min read

Christian Paradis, minister of industry, announced the release of Canada’s spectrum license transfer framework, which will further promote competition in Canada’s wireless telecommunications market.

It will also boost the delivery of cutting-edge technologies at affordable prices.

“The government is committed to promoting at least four wireless providers in every region of the country,” says Minister Paradis.

As announced on June 4, 2013, all spectrum transfer requests will be reviewed, and those that would result in undue spectrum concentration—which would diminish competition—will not be permitted.

Decisions on transfer requests will be made on a case-by-case basis, and will be issued publicly to increase transparency.

The new framework is based on consultations with Canadians. It will apply to commercial mobile spectrum licenses and all license transfers, including prospective transfers that could arise from option and other agreements.

A licensee will be required to seek a review within 15 days of entering into any agreement that could lead to a prospective transfer. Industry Canada will review a prospective transfer as though the future license transfer that could arise from the agreement has been made.

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Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.