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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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From: Frank A. Coluccio	9/26/2010 1:53:24 AM
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[Opinion, Canada] Telco tales: Are we well served by the phone companies and the CRTC? By Harvey Enchin \| Vancouver Sun \| 21 Sep 2010 Abstract: Canada ranks among world's best in telecommunications technology, services Naguib Sawiris, an Egyptian financier who effectively controls Wind Mobile, a Toronto based wireless provider, says Canada's investment climate is worse than the markets in which he normally operates, including North Korea, Pakistan, Iraq and Bangladesh. He has described Canada's three big wireless companies -- Bell, Telus and Rogers -- as a joke, adding that he'd never invest in them. He accuses them of cheating, and the Canadian Radiotelevision and Telecommunications Commission of looking the other way when they do. He says Canada's foreign investment restrictions are out of step with the modern age, especially for a country that is a member of the World Trade Organization. That's a lot of chutzpah for a foreign investor for whom Industry Minister Tony Clement bent the rules. Clement overturned a CRTC decision that had upheld the foreign ownership limits on telecommunications companies, thus paving the way for Wind to become the first foreign-controlled wireless operator to compete against the incumbents. Complete article: bit.ly ------

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