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Too high cost of capital result of current foreign ownership rules, committee hears

News | 02/04/2003 5:00 am EST
Canada’s two new entrant wireless players told members of a Parliamentary committee studying the foreign investment restrictions in the telecom sector that unless they recommend to the minister of Industry that the limits be eliminated, the long-term viability of competitive telecom providers is at risk. The House of Commons Standing Committee on Industry, Science and Technology began hearings on potentially changing current foreign ownership rules in telecom last week.

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