ANNOUNCEMENT 01 Jan 2011In January 2011, the government of Canada announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
A provision in the 2010 budget implementation bill (Bill C-9) removed foreign ownership restrictions on satellites. Satellites thus joined international submarine cables and satellite earth stations in not being subject to such restrictions. More specifically, section 2184(2) provided that subsection 16(5) of the Telecommunications Act was amended to provide that those restrictions 'do not apply in respect of the ownership or operation of (a) international submarine cables; (b) earth stations that provide telecommunications services by means of satellites; or (c) satellites.'