CRTC orders cut to some internet prices amid industry review. What’s going on? – National | 24CA News
Canada’s telecom regulator is slashing some wholesale web costs by 10 per cent whereas it evaluations competitors within the web companies business in a shock transfer.
The Canadian Radio-television and Telecommunications Commission (CRTC) introduced the worth minimize Wednesday whereas it conducts a overview into web companies in Canada “to increase competition, create more choice and lower prices.”
“The CRTC recognizes its current approach is not meeting its objective of encouraging more competition in the Internet services market,” the company mentioned.
“The CRTC will re-examine the rates competitors pay large telephone and cable companies for access to their networks. While it carries out this review, the CRTC is imposing an immediate 10 per cent reduction on some wholesale rates.”
It is just not but clear the place these cuts will apply.
The CRTC mentioned it is going to additionally study on “an expedited basis” whether or not massive phone and cable firms ought to present rivals with entry to their fibre networks, enabling quicker Internet speeds for his or her prospects.
The CRTC is welcoming feedback till April 24 on that problem, whereas accepting feedback for different problems with its overview till June 22.
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