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ARTICLE · 04 MAY 2012

Government Proceeds Quickly With Proposed Amendments To Telecommunications Act

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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As noted in our March 2012 Blakes Bulletin, the federal government is proceeding with the necessary legislative amendments in order to lift the foreign ownership restrictions completely for all telecom carriers in Canada with less than a 10% share of the national telecommunications market.

CanadaMedia, Telecoms, IT, Entertainment
Blake'S Communications Group
Blake'S Communications Group
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As noted in our March 2012 Blakes Bulletin, the federal government is proceeding with the necessary legislative amendments in order to lift the foreign ownership restrictions completely for all telecom carriers in Canada with less than a 10% share of the national telecommunications market.

On April 26, 2012, the Honourable Jim Flaherty, Minister of Finance, introduced the Jobs, Growth and Long-term Prosperity Act. The Act proposes to legislate key elements of the federal government's 2012 budget entitled Economic Action Plan 2012, as well as other previously announced measures.
Such measures include the proposed changes to the Telecommunications Act relating to the above noted change in policy regarding foreign ownership of certain telecommunications carriers.

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