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Canada allows wireless carrier Globalive
OTTAWA (Reuters) - Canadian Industry Minister Tony Clement said on Friday the government will allow wireless start-up Globalive to operate in Canada, overturning an earlier regulatory ruling that denied the company a license.
Clement said that Globalive meets Canadian ownership and control requirements, and can enter the market without delay.
Globalive plans to launch national wireless service in Canada to challenge the market dominance of incumbents Rogers Communications Inc, BCE Inc and Telus Corp
The Canadian Radio-television and Telecommunications Commission (CRTC) ruled in October that Globalive was effectively controlled by its Egyptian-based financial backer, Orascom Telecom and therefore did not comply with the country's foreign ownership rules.
(Reporting by Randall Palmer, writing by Susan Taylor)
OTTAWA (Reuters) - Canadian Industry Minister Tony Clement said on Friday the government will allow wireless start-up Globalive to operate in Canada, overturning an earlier regulatory ruling that denied the company a license.
Clement said that Globalive meets Canadian ownership and control requirements, and can enter the market without delay.
Globalive plans to launch national wireless service in Canada to challenge the market dominance of incumbents Rogers Communications Inc, BCE Inc and Telus Corp
The Canadian Radio-television and Telecommunications Commission (CRTC) ruled in October that Globalive was effectively controlled by its Egyptian-based financial backer, Orascom Telecom and therefore did not comply with the country's foreign ownership rules.
(Reporting by Randall Palmer, writing by Susan Taylor)