The Canada Infrastructure Bank considered creating a public utility to lower internet prices for consumers and compete with Bell, Rogers and Telus, The Logic has learned.
The October 2018 briefing note, written by then-head of investments Nicholas Hann, was also sent to board chair Janice Fukakusa. It recommends that the government’s current spending on telecommunications — much of which subsidizes projects from the private sector — be entirely stopped. CIB did not directly reply to questions regarding whether it plans to launch a public utility or is still interested in making any of the specific investments listed in the report.
In addition to a public utility, the document suggests a “holistic” approach to telecom investing, which could yield “huge potential economic benefits.” The CIB report is one of several circulating that suggest there have been discussions in Ottawa about significant changes to the telecom sector. In November 2018, The Logic reported on a secret government analysis that found no downside to making Bell, Rogers and Telus compete with foreign firms. In July, The Logic broke the news that Google was asking the Canadian government to make it easier to set up a rival telecom.
They should
Communist controlled internet, sounds awesome!
CIB is another waste of taxpayer money. TrudeaulessTuesday
This is a great idea. We should have all telecommunications publicly owned and operated just like hydro, water, etc.
Too bad it didn't work. The lobbyists and money win again.
Another CBC coming right up
What could possibly go wrong
Yeah, Chinese controlled utility!
Just like Petro-Can (retail) and Air Canada, it’ll suck for a couple of decades and then they’ll sell it off.
Great. The so-called infrastructure banks wants to go full socialist.
This would be a great idea.
Did the infrastructure bank end up doing anything? I heard they set up shop in Toronto and then that was it.
No.
Oh the Nationalization of Communications and the promise to censor social media by the Liberals. One step closer to Trudeau’s basic Dictatorship
It isnt the govts roll to run business. Its a better Idea to let US telecom up here to compete.
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