Money Telus CEO says $1 billion of spending, 5,000 jobs at risk if CRTC pushes MVNOs

23:10  20 february  2020
23:10  20 february  2020 Source:   msn.com

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GATINEAU, Que. — Bell Mobility says a forced regulatory introduction of mobile virtual network operators into Canada wouldn't provide a meaningful benefit to consumers but would slow investments in the nation's communications infrastructure.Bell Canada chief executive Mirko Bibic says the CRTC .

The CRTC is proposing to make it easier for mobile virtual network operators , also known as MVNOs , to become viable businesses that can But, Boswell added, these advances are at risk if the CRTC requires the Big Three to give broad access to virtual network operators that target the same type of

Darren Entwistle in a suit standing in front of a curtain © Provided by The Canadian Press

GATINEAU, Que. — The CEO of Telus Corp. says it could cut about $1 billion of spending and 5,000 jobs over the next five years if the CRTC mandates Canada's wireless companies to open their facilities to virtual network operators.

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This could look like, Geist said , the CRTC directing Bell, Telus and Rogers to open up their networks to MVNOs , but on the condition that these smaller companies eventually invest in their own physical infrastructure. Bell Mobility: CRTC 's MVNO proposal is 'highly aggressive,' puts spending at risk .

The CRTC has said its preliminary view is that the benefits of mandating MVNO access would Cogeco, which serves 850, 000 internet customers in Ontario and Quebec, would love to get into the "If aggressive regulatory prescriptions are put in place by the CRTC , it’s going to impact investment

Telus chief executive Darren Entwistle revealed those estimates in the final minutes of nearly four hours of public hearings before the Canadian Radio-television and Telecommunications Commission in Gatineau, Que.

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Most of the morning and early afternoon hearing was spent with Entwistle and his team of executives and consultants repeatedly saying Canada doesn't need mobile virtual network operators.

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The Canadian Network Operators Consortium says the U.S. is home to dozens of MVNOs and that many of them are independent. One of the few independents operating in Canada and offering monthly plans is upstart Sugar Mobile. But it could soon disappear due to a dispute with Rogers.

Telus warns on Huawei risk . Video sign out. A group of CIBC analysts recently estimated an outright ban on Huawei equipment could result in a $ 1 - billion tab to remove and replace Telus said in its warning on Thursday that a ban would result in only having access to two global suppliers for 5 G

The Telus position is that Canada's wireless market is already extremely competitive, prices are actually quite affordable contrary to popular belief and the arrival of MVNOs would set back the deployment of 5G networks.

Executives from some of Canada's largest national and regional wireless service providers been united in their rejection of mandated MVNOs, which would be given the right to tap into their facilities.

Entwistle emphasized his position by volunteering to submit, confidentially, the Telus board's instructions for managers to start making plans for cutting spending and jobs if the CRTC chooses MVNOs over facilities-based carriers.

This report by The Canadian Press was first published Feb. 20, 2020.

Companies in this story: (TSX:BCE, TSX:RCI.B, TSX:QBR.B, TSX:T, TSX:SJR.B)

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Liberals give big 3 wireless providers two years to cut prices by 25 per cent .
The Liberal government is giving Canada's big three national wireless providers two years to cut their basic prices for cellphone services by 25 per cent — and threatening to force them to cut prices if they don't comply.Innovation, Science and Industry Minister Navdeep Bains issued the ultimatum today along with new spectrum auction rules that could open up Canada's wireless market to new competition.

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