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Approval of Globalive ownership could open door for greater foreign control of Canadian telecom

News | 09/02/2009 4:26 pm EDT

Canada’s Telecommunications Act could be put to its toughest test yet as the CRTC begins unraveling Globalive Wireless Management Corp.’s complex ownership structure to determine if Egypt-based Orascom effectively controls the wireless start-up. According to its competitors, there is little doubt that Orascom, which is putting $500 million of its money on the line, is calling the shots for all major investment, branding, technology and operational decisions.

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