If it doesn’t, Quebecor is on the hook for $25 million in penalties each year the company infringes on the agreement, up to a maximum of $200 million for the 10 years that the deal lasts. The contract also stipulates that Quebecor must invest more than $150 million to upgrade Freedom’s wireless infrastructure within two years and maintain the spectrum licences for at least 10 years.
Michael Geist, a law professor at University of Ottawa said that the contracts might help bring prices down in the short term, but that in the long term, he’s skeptical that the deal will result in meaningful change. “ have to make these investments. Assuming they do … they still have an obligation to their shareholders to generate a return,” he said.Article content
Why on Earth would reduced competition lead to lower prices
The future is wireless. Starlink
Dream on
Thanks National Post We sure would like a severe cut but CRTC officials get paid but not for performance ! Disgusting What We pay and now with Trudeau's increased costs we are desperate So FIX THEM much LOWER !
Will a monopoly result in lower prices? No one can tell.
LoL
Of course not....there is no will to lower prices, the libs like high bills, they equal higher sales taxes. Competition lowers prices not government!!
LMAO satire tweet.
Since when has a monopoly ever been attributed to lowering costs for consumers. Go ahead, I’ll wait
Only way is demand your MP let Verizon, T-Mobile and AT T in
The CRTC thought they were helping consumers when they put a max 2 years on phones. All it did was INCREASE the monthly cost, and INCREASE the cost of a phone and you have to return it u less you pay $550 🤷♀️🤷♀️ Canada is monopolized JustinTrudeau
This isn’t about lower prices for the CDN consumer, it’s about the federal liberals helping a Quebec based company expand across Canada. What’s needed is real competition for the big players in Canada, not some upstart company from Quebec.
Of course! Zero competition ALWAYS leads to lower prices.....
Is this is a serious question..there is no competition in Canadian telecoms..we are fucking suckers and just them do it to us..humiliation is Canadas real national pastime
No.
🤣🤣🤣
lol, no. There is no reason this merger should have happened.
Lol 😂
Nope!
Of course it won't.
Less competition = Higher pricing. No brainer.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: TorontoStar - 🏆 60. / 55 Read more »