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BCE Inc (2)
Symbol BCE
Shares Issued 932,525,817
Close 2026-06-23 C$ 32.74
Market Cap C$ 30,530,895,249
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Globe says Telus's Entwistle still keen for competition

2026-06-24 07:50 ET - In the News

See In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Wednesday edition that Darren Entwistle, the outgoing boss at Telus, is retiring on June 30 and moving to Britain -- but he hasn't lost his drive to create change in his birth country. The Globe's Rita Trichur writes that the 63-year-old Mr. Entwistle has been one of this country's most vocal advocates for the removal of foreign ownership restrictions since 2002, months before Ottawa officially conducted a review of the issue. More than two decades later, he holds fast to that conviction. "I've not changed my view one iota in that regard," Mr. Entwistle told The Globe. "Let's let free market forces reign," he added. Foreign ownership rules have been relaxed for small telecoms. However, for large carriers direct and indirect foreign investment remains capped at a combined total of 46.7 per cent. Canadian citizens must also occupy 80 per cent of their corporate board seats. It is unclear whether the Carney government is hung up on this issue. Regardless, it's time for Ottawa to give it a fresh look. Foreign ownership restrictions for the telcos -- Rogers, Bell and Telus -- are long-standing trade irritants that ultimately suppress market competition to the detriment of Canadian consumers.

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