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Abolish foreign ownership restrictions in cable industry, cable leaders tell committee

News | 12/05/2002 5:00 am EST

There is still room under existing foreign ownership rules for foreign companies to invest in Canadian cable companies, but the cable industry claims a complete removal of existing rules is needed. That was the message delivered last week in Ottawa by the leaders of Canada’s largest cable companies to the Parliamentary committee reviewing the Canadian broadcasting system. The review is currently focused on media consolidation and restrictions on foreign ownership.

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