Canada's Rogers expects to spend up to C$2.9 billion in 2020

) said on Wednesday it expects to spend up to C$2.9 billion this year to expand its communications infrastructure in Canada, including for 5G, but warned that “punitive” regulations would slow the deployment of the high speed network.

“As we enter the world of 5G, regulatory certainty is critical to investment,” Natale said on a post-earnings call. Countries including the United States, China, South Korea and Japan are in a race to speed up 5G adoption, hoping the technology will spur breakthrough in the development of smart cities and autonomous cars, among other things.

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