Rogers, other telecom execs to face industry minister in wake of 'unacceptable' outage

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The disruption has led to questions over the concentration of services in the sector, and Rogers\u0027 proposed merger with Shaw. Read more.

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.

 

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Umm. Is this like climate change?...tax it and it'll fix itself? 🤔

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Rogers CEO and other telecom execs summoned to meet with industry minister after outageIn a written statement, a Rogers spokesperson said the company is “looking forward” to the meeting. Oh I bet they're just shaking in their boots. The Liberals work for corporations, not Canadians. How much Government money will they all get My taxes, when I can barely afford groceries should not be flowing to companies with executives with millions of dollars in cempensation.
Source: TorontoStar - 🏆 60. / 55 Read more »

Rogers, other telecom execs to face industry minister in wake of 'unacceptable' outageThe disruption has led to questions over the concentration of services in the sector, and Rogers\u0027 proposed merger with Shaw. Read more. Only way to fix this mess is let the various US companies into the market place. More options for consumers Big fkin deal. The ' Minister ' is in their fking pocket. The blind teaching the deaf lame to dance…
Source: nationalpost - 🏆 10. / 80 Read more »