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Industry committee  Globalive isn't going to do anything for the rural areas. They are honest about the fact that they are going to only provide service in the major urban areas. None of the new entrants will go to the rural areas. We're already doing a huge amount. This revolution in wireless broad

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  Essentially I agree with them. If you look at the wireless sector, most countries in the world have two big players, a third player that's hanging around, and sometimes a fourth player that is quite badly in fourth place. Canada has three big healthy wireless companies that are k

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  If you read Mr. Rogers' biography, High Wire Act, you'll find it describes the high wire act whereby he was trying to raise capital throughout his career, almost going under three times. During that career, I'm sure he could have benefited from foreign ownership liberalization.

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  As I said before, I agree that removing these rules lowers the cost of capital, absolutely.

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  I really think that many of these studies, particularly many of the OECD studies, have a lot of malarkey in them. The OECD wireless study, for example, shows the U.S. as the most expensive wireless country in the world. Most people think the U.S. has a very competitive wireless i

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  I don't know the exact number, but you have to look at a company over the course of the business cycle. Over the course of the business cycle our profits have not been unusual, and over the course of our history our profits have probably not been positive.

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  I can't speak for the movie distributors, but we own Rogers Video and we make a real point, even though we're unregulated, of having Canadian videos and identifying them in a Canadiana section.

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  It's a very good question. One of the difficulties, when you look at international studies of how fast these things are, is that the OECD, for example, looks at advertised speed. That's not a good way of figuring out who is the fastest. People lie a lot in their advertisements ab

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  I would agree with those comments. I'd agree with the gentleman from the OECD that the trade-off you have to make as a government is that on the one hand, if you liberalize, you lower the cost of capital in the fashion that the OECD said; on the other hand, you have to worry abo

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  Regarding the second part of your question about investment, Canada leads the G-8 in broadband deployment. We have much higher broadband deployment than most OECD countries, and the latest concern of governments has been with ultra-fast broadband. In France, you can really get ul

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  First of all, we have tried to be sensitive to those concerns in our remarks today. That's why I said you could allow programming services to remain Canadian-owned. That seems to be a concern with people. My argument is let the programming services, the ones that really develop

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  We're not even close.

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  BDU licences cover the rules regarding distributors. So distributors have to carry programming from only these categories. The CRTC actually lists out exactly what foreign signals you can carry and what foreign signals you can't carry. Canada probably has the most prescriptive re

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  I wouldn't say that there's no cultural content to cable television. I would say that it's much smaller. It's the programming services that really decide the Canadian content. To be a cable television operator in Canada, you don't have a lot of choice in what you carry and what y

April 15th, 2010Committee meeting

Kenneth Engelhart

Industry committee  Sure, I'll go first. I think the evidence showed that Globalive did not meet the foreign ownership rules. The Canadian test has two parts. One is the number of shares you can own, and they satisfied that part. The other part is the control-in-fact test. The control-in-fact test

April 15th, 2010Committee meeting

Kenneth Engelhart