09:03:53 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 868,482,725
Close 2016-05-11 C$ 59.59
Market Cap C$ 51,752,885,583
Recent Sedar Documents

Globe says feds tell BCE that sharing's a good thing

2016-05-12 08:01 ET - In the News

The Globe and Mail reports in its Thursday edition that Ottawa has denied BCE's cabinet appeal over a regulatory ruling that would grant third party Internet providers access to the company's newest fibre optic service. The Globe's Christine Dobby writes that deferring to a decision made by the CRTC last summer, the Liberal government said it is committed to supporting greater telco competition. BCE argued that the CRTC's July, 2015, ruling forcing it to give small Internet service providers the ability to resell its highest-speed broadband service will deter investment as BCE is still in the process of building that service, known generally as fibre-to-the-home. Navdeep Bains, Minister of Innovation, Science and Economic Development, said Wednesday that the CRTC's oversight of the wholesale Internet market "is a proven regulatory tool for enabling retail competition in the Internet service market." Telephone companies such as BCE and Telus are making large capital investments to upgrade their legacy copper phone line infrastructure to fibre. They have warned, however, that heavy-handed regulation could force them to curtail the speed of their investments, particularly in outlying and rural areas.

© 2024 Canjex Publishing Ltd. All rights reserved.