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News | 09/29/2003 4:00 am EDT

Rock responds to foreign investment recommendations
Industry Canada minister Allan Rock, in a letter to House of Commons industry, science and technology committee chair Walt Lastewka, says, "the government acknowledges the appropriateness of your conclusion that removing foreign investment restrictions would benefit the telecommunications industry." But in his response to the recommendations of the committee (NL, May 6/03), the minister calls for further study to harmonize the differing viewpoints of the industry committee and the committee on Canadian Heritage. The government plans to table an amendment to the Telecommunications Act, requiring its review every five years in response to technological change.

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