financetom
Technology
financetom
/
Technology
/
Canada regulator expands internet network-sharing provision to telcos nationwide
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canada regulator expands internet network-sharing provision to telcos nationwide
Aug 13, 2024 8:54 AM

OTTAWA, Aug 13 (Reuters) - Large Canadian

telecommunication companies will have to share fiber internet

infrastructure with smaller competitors from next year, Ottawa

said on Tuesday, expanding a measure designed to lower prices

and increase choices.

The Canadian Radio-television and Telecommunications

Commission (CRTC), the telecoms regulator, has been trying to

make services more affordable, citing declining competition

among high-speed internet service providers.

In November, it asked large telecoms companies to give

smaller rivals access to their networks in Ontario and Quebec:

the two most populous provinces and the worst impacted by a

decline in competition. Tuesday's decision will expand that

provision to the entire country, starting in February 2025.

"(This) will deliver more choice to Canadians who want

higher-speed Internet at lower prices by enabling competitors to

use the fiber networks of the large telephone companies and will

maintain incentives for companies to invest in high-quality

networks," the CRTC said in a statement.

The provision would only apply to fiber network that has

already been built. Any new network built by telephone companies

will be made available to competitors in five years, the

regulator said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Motorola Solutions To Create 200 High-Skilled Jobs With New R&D Center In Ireland: Details
Motorola Solutions To Create 200 High-Skilled Jobs With New R&D Center In Ireland: Details
Jul 8, 2024
Motorola Solutions, Inc. ( MSI ) unveiled plans to open a new Research and Development center in Cork, Ireland, which is predicted to generate 200 high-skilled jobs. The focus will initially be on designing software for the company’s land mobile radio (LMR) portfolio, with potential expansion into other technologies. Motorola Solutions’ new R&D center in Cork’s city center expands its existing presence...
Samsung Workers Walk Out, Demand Pay Raise and Leave: Report
Samsung Workers Walk Out, Demand Pay Raise and Leave: Report
Jul 8, 2024
Employees at Samsung Electronics Co., Ltd. ( SSNLF ) reportedly started a three-day strike on Monday, demanding better pay. The union has warned of additional actions if South Korea’s largest conglomerate does not fulfill thier demands, reported Reuters. The National Samsung Electronics Union (NSEU), representing about 30,000 members or a quarter of the South Korean workforce, is also seeking an...
Samsung workers' union in South Korea kicks off three-day strike
Samsung workers' union in South Korea kicks off three-day strike
Jul 7, 2024
SEOUL (Reuters) - A workers' union at Samsung Electronics ( SSNLF ) in South Korea is set to stage a three-day strike from Monday and has warned it could take further action against the country's most powerful conglomerate at a later date. The National Samsung Electronics Union (NSEU), whose roughly 28,000 members make up over a fifth of the firm's...
In-Depth Examination Of 20 Analyst Recommendations For ServiceNow
In-Depth Examination Of 20 Analyst Recommendations For ServiceNow
Jul 8, 2024
Ratings for ServiceNow ( NOW ) were provided by 20 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Copyright 2023-2025 - www.financetom.com All Rights Reserved