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Leading industry thinkers challenge gov’t’s foreign ownership limits

News | 03/08/2000 5:00 am EST

Canada's top telecom lawyers and academics say it's time the federal government dropped its longstanding restrictions against foreign ownership of telecommunications companies, arguing that even the government itself cannot produce any rationale for their continued existence. Underlying their concern is a fear that Canada's telephone and cable industries will become dominated by one or two vertically integrated mega companies, unless foreign investors and foreign competitors are given freer access to our domestic market.

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