The nationwide disruption, which the minister’s office called “unacceptable,” has led some to question the level of concentration of services in the telecom sector and is also raising questions about the communications giant’s plan to merge with rival Shaw Communications Inc. in a blockbuster $26-billion deal that has already prompted a challenge from the Competition Bureau.
“Beyond the immediate financial impact, increased political and regulatory risk is a possibility,” the analyst said in a note to clients, adding that “arguments for increased competition to reduce future failure risk abound.”Article content “Meetings should occur in public and ideally under oath like in the U.S.,” he said. “No doubt threat actors have witnessed what happened and how financial health care and emergency response can be impaired by a telecom outage.”Article content
Yaghi, the Scotia analyst, said regulatory oversight needs to balance the risk of future failures against the increased costs of building parallel networks, including costs to consumers.“History from other failures, in other parts of the world, shows that regulators have chosen to increase oversight rather than force a complete overhaul of the competitive landscape,” he told clients in his note.
Slap on the wrist coming. Not to worry CRTC will have your back and ensure no foreign wireless Co. is ever allowed to make life difficult for your nice little monopoly.
Why do I get the sense that this is building toward the government assuming control of telecommunications…
The blind teaching the deaf lame to dance…
Big fkin deal. The ' Minister ' is in their fking pocket.
Only way to fix this mess is let the various US companies into the market place. More options for consumers
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Source: TorontoStar - 🏆 60. / 55 Read more »