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BCE Inc (2)
Symbol BCE
Shares Issued 912,283,103
Close 2024-12-10 C$ 37.53
Market Cap C$ 34,237,984,856
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Globe says Telus takes up Internet challenge in court

2024-12-10 08:21 ET - In the News

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

The Globe and Mail reports in its Tuesday edition that Telus is asking the Federal Court to quash a cabinet order concerning a controversial part of the wholesale Internet regime, saying that order could render the significant investments it has made in Ontario and Quebec "meaningless." The Globe's Irene Galea writes that in its application for judicial review, Telus accused the federal government of improperly trying to overturn an independent decision by the CRTC that allows Telus to resell Internet over the fibre networks of BCE's Bell Canada in Ontario and Quebec. In November, cabinet directed the CRTC to reconsider whether Canada's three largest Internet providers should be allowed to resell Internet services over Bell's and Telus's fibre networks at regulated prices. Telus says the cabinet order was based on closed-door meetings between the government and its competitors that "run afoul" of transparency principles, and did not give sufficient explanation for why reconsideration was necessary. Telus also alleged that Industry Minster Francois-Philippe Champagne did not consult with provinces before providing his recommendation. "We're incredibly confused and perplexed by this decision," said Telus's Zainul Mawji.

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