TekSavvy 'running on hope' as it urges CRTC to allow wholesale fibre internet access [BNN Bloomberg (Canada)]
Telus Corporation Ordinary Shares (TU)
Last telus corporation ordinary shares earnings: 2/13 06:45 am
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Source: BNN Bloomberg
The Chatham, Ont.-based carrier appeared before the CRTC on Friday as the commission held the final day of its hearing on whether to create a national wholesale framework that allows providers to sell fibre internet services to customers by paying a fee to access networks built by their rivals. TekSavvy says it is the "most critical regulatory proceeding" ever for the company, noting it has lost more than 100,000 subscribers since its peak amid an unfavourable regulatory environment for wholesalers. The company's vice-president of regulatory and carrier affairs Andy Kaplan-Myrth confirmed TekSavvy is not currently for sale nor at risk of closing, but he warned that "we've been running on hope for a very long time" but that "no rational business runs on hope forever." The CRTC announced last November it would temporarily require Bell Canada and Telus Corp. to provide competitors with access to their fibre-to-the-home networks in Ontario and Quebec starting this May. CRTC chair
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