Canada Launches Telecom Review
April 11th, 2005 Posted in Main Page
Does anyone find it ironic Andre Tremblay is one of three people named by the federal government to conduct a review of Canada's $32-billion telecom industry given one of the issues that may be explored is whether foreign ownership rules should be eased? When Tremblay was Microcell's CEO, the wireless carrier filed for bankruptcy protection amid $2-billion of debt. One of Microcell's problems - aside from selling discount plans - was its inability to tap foreign investors for much-needed capital. As a result, it seems odd Tremblay could help change the very rules that helped sink his company.
