Government Not Planning To Offer BlackBerry Bailout
News: The Canadian government has downplayed suggestions that it could launch a financial bailout for struggling domestic telecoms equipment and services company BlackBerry , reports The Register. In an interview, Canadian Minister of Industry James Moore suggested that BlackBerry must independently ' engage the market and provide devices and services, platforms, content that the market will receive well ' , as opposed to looking for a governmental intervention. Chinese computer technology firm Lenovo has previously expressed some interest in a possible acquisition of BlackBerry, and if such an offer were to be made the Canadian government would then be obligated to involve itself with the company ' s affairs , due to national legislation regarding foreign takeovers.
BMI View: Canada has the lowest mobile penetration rate among the group of developed countries, which includes Australia, Germany and Spain, and we forecast it to remain in that position in our forecast period through to 2017. However, Canada outperformed its peers in terms of ARPU levels, a feat that is particularly impressive given that 3G adoption is comparatively low. Contrary to observed trends in the region, three of the main operators experienced ARPU growth throughout 2012, showing the market is still developing.