HomeNational

Fourth national wireless carrier could result in $1B gains: Competition Bureau

By: The Canadian Press

 | May 15, 2014 - 2:57 PM |
OTTAWA - The Competition Bureau says a fourth national wireless carrier could benefit the wider Canadian economy and consumers by $1 billion a year.

The bureau made the calculation in a submission to the CRTC urging measures to increase competition in the sector dominated by three large players.

The bureau says the largest wireless companies — Rogers (TSX:RCI.B), Bell (TSX:BCE) and Telus (TSX:T) — have the market power to maintain prices above competitive levels for a significant period of time.

As well, the big players have the ability to charge high prices to new companies for wholesale mobile services the newcomers need to service their customers.

The bureau says the CRTC should ensure that new entrants have access to wholesale services with regulatory measures if and when they are needed.

Reader's Feedback

NorthernLife.ca may contain content submitted by readers, usually in the form of article comments. All reader comments and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of NorthernLife.ca. The fact that a particular message is posted on or transmitted using this web site does not mean that NorthernLife.ca has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to NorthernLife.ca to report any objectionable content by using the "report abuse" link found in the comments section of this web site. Comment Guidelines


comments powered by Disqus

Most Popular

Local Business Directory