Mr. Speaker, yesterday, the government announced its intentions with regard to foreign ownership in the telecommunications sector and the upcoming auction of wireless spectrum.
Clearly, this announcement was designed to try to please everyone, yet, in the end, almost no one is satisfied.
By lifting foreign ownership restrictions completely for companies with a less than 10% market share, the government is on the verge of creating a two-tiered industry, which could cause serious problems in the future.
The Minister of Industry needs to go back to the drawing board. Does he even see the distortions he risks creating in the industry in the future if he goes ahead with this measure?