Bell Canada\u0027s CEO is warning that increased regulation in the telecommunications industry could lead companies to scale back investment.
Earlier this year, Canada’s telecommunications regulator announced it would lower some wholesale internet rates by 10 per cent and review whether big companies should provide smaller competitors access to their fibre-to-the-home networks.That came after federal Industry Minister Francois-Philippe Champagne directed the regulator to implement new rules to enhance consumer rights, affordability, competition and universal access, which included a requirement for improved wholesale internet rates.
But Bibic urged Ottawa and the CRTC to ensure Canada’s four major telecom companies have incentives to invest and differentiate themselves from each other, which he said would lead to more customer value. He warned of “unintended consequences” if regulation continues to ramp up. “If you’ve got to start cutting back on capital, what gets cut first? Does the GTA get cut first? Or does some northern community in Ontario get cut first? We know the answer to that.”
A report released in February by Wall Communications Inc., which conducts an annual comparison of Canadian phone and internet prices to other jurisdictions, found Canada still had among the highest prices internationally for cellphone and broadband service in 2022.
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