CRTC Not To Review Telus Foreign Ownership

News: Canadian telecoms regulator, the Canadian Radio-television and Telecommunications Commission (CRTC), has decided not to review the foreign-ownership structure of local telecoms provider Telus. The regulator thinks that there is insufficient evidence of non-compliance with the foreign ownership rules. Globalive (Wind) had filed a request with the regulator to review Telus' ownership structure, claiming that it is in breach of legal limits. Foreign ownership is not allowed to exceed 33.3% of a telecoms operator's shares under the law.

BMI View: Canada's Globalive (Wind) had submitted a filing to the CRTC, the country's telecoms regulator, claiming that Telus violated foreign ownership rules for telecommunications companies operating in the country. Wind has accused Telus of having around 48% foreign ownership. Although Telus contests this, BMI believes the move may help encourage greater transparency in shareholder structure, which would benefit the market.

CRTC Not To Review Telus Foreign Ownership

News: Canadian telecoms regulator, the Canadian Radio-television and Telecommunications Commission (CRTC), has decided not to review the foreign-ownership structure of local telecoms provider Telus. The regulator thinks that there is insufficient evidence of non-compliance with the foreign ownership rules. Globalive (Wind) had filed a request with the regulator to review Telus' ownership structure, claiming that it is in breach of legal limits. Foreign ownership is not allowed to exceed 33.3% of a telecoms operator's shares under the law.

BMI View: Canada's Globalive (Wind) had submitted a filing to the CRTC, the country's telecoms regulator, claiming that Telus violated foreign ownership rules for telecommunications companies operating in the country. Wind has accused Telus of having around 48% foreign ownership. Although Telus contests this, BMI believes the move may help encourage greater transparency in shareholder structure, which would benefit the market.

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