ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
The Government of Canada is considering changes to its investment regime that may loosen some restrictions on foreign investment in the telecommunications sector. In the Throne Speech on March 3, 2010, the Government of Canada stated that it 'will open Canada's doors further to venture capital and to foreign investment in key sectors, including the satellite and telecommunications industries.'
At the same time, one specific case is being litigated within the existing regime. At issue is the licensing of Egyptian-owned mobile carrier Globalive Communications to provide services in Canada. The main developments to date are as follows:
The Canadian Federal Court of Appeal ruling permitting Globalive (WIND Mobile) to continue its operations in Canada prevented protectionism to flourish.
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