Canada’s telecom giants are undergoing a fundamental shift, shedding physical assets, contending with slower growth and chasing new frontiers in technology.

That was the clear signal from the recent Canadian Telecom Summit (CTS) that took place in June. With subscriber growth flattening and prices falling — by 26 per cent and 15 per cent for wireless and internet services, respectively — major players are divesting infrastructure and grappling with revenue pressure. Capital investments are down, falling from $10 billion in 2022 to $9.7 billion in 2023, while consumer spending tightens amid sluggish GDP growth and inflation. This isn’t a short-term adjustment, it’s a paradigm shift.

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