The chief executives of Canada's three largest telecom companies stressed that phone and internet prices are coming down during an appearance before MPs on...
The chief executives of Canada's three largest telecom companies stressed that phone and internet prices are coming down during an appearance before MPs on Monday, noting that increased data usage and high spectrum costs may be some reasons Canadians feel otherwise.
The committee is studying the accessibility and affordability of wireless and broadband services — an issue that came to the forefront in January when Rogers confirmed it was raising prices by an average of $5 for some wireless customers not on contract.Staffieri was pressed on the matter Monday, with Liberal MP Francesco Sorbara suggesting the move was "tone deaf."Staffieri replied that the price hike only affected customers on legacy plans.
Some members of the committee have said they are concerned about cellphone and internet prices in Canada, arguing Canadians pay too much for those services.But the CEOs cited recent Statistics Canada data showing wireless prices have declined 16 per cent in the past year and 47 per cent over the past five years.
Entwistle added the "missing" element of the conversation pertains to the cost of the physical cellphone itself, which he said can make up nearly half of an overall mobile bill."At the end of the day, those economics are determined by the device manufacturers." Entwistle said that in 2021, spectrum fees accounted for $100 on the annual wireless phone bill of every Canadian.
Bibic added that if government-imposed spectrum prices in Canada followed the global average, "every Canadian's wireless bill would be $5 per month lower."
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