Mirko Bibic says that if the rates are set too low, companies such as his will be forced to curtail their investments, particularly in smaller, rural communities
Canada’s telecom industry is “moving rapidly” toward regulatory intervention that threatens to stall investment in high-speed internet networks in rural communities, BCE Inc.’s chief executive says.
Currently, internet service providers are able to negotiate access to those networks, but they say the prices are too high for them to be able to compete., cautioned on Monday that if the rates are set too low, companies such as his will be forced to curtail their investments, particularly in smaller, rural communities, where the return on investment is lower.
In its notice of consultation, the CRTC states the risk of discouraging future investments in fibre-optic networks is “minimal” because those networks are mostly built. He also cautioned that regulations that place the interests of resellers over those of builders could have negative unintended consequences on the country’s critical infrastructure.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bell CEO warns 'interventionist' regulations could lead telcos to curtail investments - BNN BloombergBell Canada CEO Mirko Bibic is warning that increased regulation in Canada's telecommunications industry could lead companies to scale back investment.
Read more »
WestJet's new focus brings big benefits, airport CEO saysRead the full story and comment on Tbnewswatch.com
Read more »
Bell CEO warns 'micromanagement' by regulators could push telcos to curtail investment, servicesBell\u0027s CEO took aim at Ottawa and the CRTC over \u0022interventionist\u0022 regulation that he warned could lead to less investment, service. Read on.
Read more »
Telecom competition intensifies after Rogers deal, but trend could be short-livedRogers and BCE Inc.’s Bell Canada have entered into what Bank of Nova Scotia analyst Maher Yaghi characterized as a ‘very public price war’ on wireless and home internet bundles
Read more »
Telecom competition intensifies after Rogers deal, but trend could be short-livedRogers and BCE Inc.’s Bell Canada have entered into what Bank of Nova Scotia analyst Maher Yaghi characterized as a ‘very public price war’ on wireless and home internet bundles
Read more »
VIDEO: Closing emergency ward 'wasn't a decision we took lightly'On latest episode of 'Inside the Village' podcast, CEO of the North Shore Health Network talks about what is forcing temporarily closures of Thessalon's emergency department
Read more »