Submissions made as part of Industry Canada’s public consultation on foreign investment restrictions in the telecommunications sector are now online at www.ic.gc.ca /telecominvestment. The consultations were announced by the Honourable Tony Clement, Minister of Industry, on June 11, and ran until July 30, 2010. The consultation paper is also posted on the site. It outlines the current restrictions, describes how Canada compares with other countries and presents the following three options for consideration: Increase the limit for direct foreign investment in broadcasting and telecommunications common carriers to 49 percent; Lift restrictions on telecommunications common carriers with a 10-percent market share or less, by revenue; or Remove telecommunications restrictions completely.

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Source: Government of Canada