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by matt4077
2695 days ago
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I doubt there are many countries with more than two or three competing networks. There may be a few more resellers, or even several dozens. But it’s just uneconomical to build the hardware five times over. In any case, a FTA is not going to change it. |
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If anything it's only positive for:
a) the private friends of government who profited when the business was kept 100% Canadian
b) the intelligence agencies who were given plenty of access.
Most of the ownership capital went to a small group of millionaires and billionaires. Meanwhile the jobs/network/other taxable services would still exist in Canada regardless of the nationality of the original investors.
Plus the wireless networks continue to be very closely controlled in these companies favour. They only recently allowed a single competitor into the marketplace in Canada, Freedom Mobile, and they have the best pricing with tons of data. The main monopolies still have nothing comparable price-wise - their only edge remains their network investment which will diminish over time absent more gov intervention.
But even getting Freedom Mobile, which had plenty of foreign investors, to be a thing was a huge controversial, challenging, multi-year deal, which was extremely risky for its investors because the Canadian regulatory agencies were very close to nipping the deal under extreme political pressure from the entrenched companies.
How exactly do we as citizens benefit from this?