The Canadian Radio-television and Telecommunications Commission (CRTC) has released its seventh annual Telecom Moni...
July 30, 2007
The Canadian Radio-television and Telecommunications Commission (CRTC) has released its seventh annual Telecom Monitoring Report.
The report shows that the residential market is experiencing vigorous competition due to the efforts undertaken by cable companies and, to a lesser extent, other providers of local telephone service.
“As we rely more and more on market forces, and only regulate where necessary, the CRTC Telecommunications Monitoring Report is one of the important tools that allows us to assess whether the Canadian Telecommunications Policy objectives are being met,” said CRTC chairman Konrad von Finckenstein.
“This year’s report tells us that competitors are making inroads in local telephone markets. In fact, competition has increased to the extent that it has accelerated the deregulation of certain markets, which will benefit consumers.”
According to a release from the CRTC, the telecommunications industry continues to demonstrate growth, which is being driven by the adoption of new technologies by Canadians.
For example, Internet and cellular telephone services accounted for 50% of all telecommunications revenues in 2006, a jump from 45% over the previous year, it said.