ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
The 2012 budget implementation bill (Bill C-38) amended section 16 of the Telecommunications Act to remove foreign ownership restrictions on carriers with less than a 10% market share based upon total Canadian telecommunications revenue. The amendments also permit exempt carriers to retain the exemption if they grow beyond the threshold by means other than mergers with, or acquisitions of, other carriers.
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