Bell\u0027s CEO took aim at Ottawa and the CRTC over \u0022interventionist\u0022 regulation that he warned could lead to less investment, service. Read on.
Earlier this year, Canada’s telecommunications regulator announced it would lower some wholesale internet rates by 10 per cent and review whether big companies should provide smaller competitors access to their fibre-to-the-home networks.That came after federal Industry Minister Francois-Philippe Champagne directed the regulator to implement new rules to enhance consumer rights, affordability, competition and universal access, which included a requirement for improved wholesale internet rates.
But Bibic urged Ottawa and the CRTC to ensure Canada’s four major telecom companies have incentives to invest and differentiate themselves from each other, which he said would lead to more customer value. He warned of “unintended consequences” if regulation continues to ramp up. “If you’ve got to start cutting back on capital, what gets cut first? Does the GTA get cut first? Or does some northern community in Ontario get cut first? We know the answer to that.”
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