I think that clearly the Competition Act has been an improvement over what was there before, which was really no merger provision at all. I think the real issue is fundamentally whether the telecom industry--and in fact then, as my co-panellist has said, the broadcasting industry--be moved completely under the Competition Act so it doesn't have a regulatory exemption. Then it truly is subject to the merger provisions in the Competition Act, which, as an aside, I would favour.
I think we do have to be concerned about concentration levels in this industry, as we do in every other industry. That's why I was saying that opening up the industry to entry is the greatest defence we have against monopolization.
I just want to make one quick point about the issue and availability of capital. I agree with my co-panellists. I don't think the concern is whether Canada will have enough capital to grow this industry. I think the concern is whether Canada will be an attractive enough environment in which the industry will grow. I think the issue of globalization is important, because it's participating in the global economy that's going to keep you efficient and make you an attractive target for investors.