Question of the Week (Classes 10 & 11): Should Canadian ownership of telecommunications companies continue to be required?

This week the United States blocked the takeover of Qualcom, a U.S. company by Broadcom, a Singaporean company, ostensibly on national security grounds.

Canada has had Canadian ownership rules in both broadcasting and telecom in place for a very, very long time.

For years it appeared that the Canadian government was planning to allow non-Canadians to control licensed Canadian Telecom companies (but not broadcasters). However when trial balloons were floated Canadians tended to react negatively. The advantage in theory would be lower prices…

So what do you think, do the advantage of foreign ownership relaxation outweigh the concerns?


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