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Finance committee Unquestionably. I can talk about tower sharing until 7:30 if people want me to, but what I'll say is that removing the restrictions as proposed isn't going to solve the tower-sharing issue. The truth is, capital is required. How you deploy that capital is a luxury to figure out o
May 30th, 2012Committee meeting
Simon Lockie
Finance committee So are we.
May 30th, 2012Committee meeting
Simon Lockie
Finance committee Yes, it's just a question of picking which part. As a practical matter, if AT&T, to use Mr. Bibic's example, were to come in and snap everyone up, they would have 45 MHz of spectrum relative to the 400 that the oligopoly has. It's not a question of how much capital you have
May 30th, 2012Committee meeting
Simon Lockie
Finance committee Actually, I can answer the question.
May 30th, 2012Committee meeting
Simon Lockie
Finance committee I can be very brief. On the issue of the spectrum’s being set aside, it's actually a cap system. The incumbents have access to 75% of the good stuff; there's very little left over. What I would observe is that it is a bit rich to cry poor about the access in this upcoming aucti
May 30th, 2012Committee meeting
Simon Lockie
Finance committee Thank you. It's a fair question. The short answer is that the capital invested at the early stage of this company's history—which is actually Orascom, which has since been acquired by VimpelCom, was intended to be short-term, very expensive capital with a view to bringing on thi
May 30th, 2012Committee meeting
Simon Lockie
Finance committee Mr. Chair, members of the committee, good afternoon, or evening, I suppose, at this point. I'm not working from prepared material, so I hope you'll accept my apology if I meander a little bit. I want to acknowledge that we're in support of the bill. We think this is a critical
May 30th, 2012Committee meeting
Simon Lockie