Canada will introduce legislation to cap wholesale roaming rates that big telecommunications providers charge their smaller rivals, aiming to breathe life into the federal government's sputtering drive to foster competition in the wireless industry.In announcing the new rules, Industry Minister James Moore said on Wednesday that Canada's big wireless companies charge small carriers as much as 10 times the rate they charge their own customers for roaming voice, data and text services.The difference ratchets up costs for the small players and their retail customers, while bolstering the competitive position of the three national carriers, Rogers Communications Inc, BCE Inc and Telus Corp."For too long, Canadian consumers in the wireless sector have been the victims of these high roaming costs," Moore said in a statement announcing Ottawa's plans to submit an amendment to the Telecommunications Act within weeks. The governing Conservatives hold a majority in the House of Commons, assuring passage of the bill.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE fell by 0.05% or $-0.02/share to $42.39. In the past year, the shares have traded as low as $38.72 and as high as $48.06. On average, 573319 shares of BCE exchange hands on a given day and today's volume is recorded at 1093311.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE traded higher by 0.69% or $0.31/share to $45.28. In the past year, the shares have traded as low as $40.58 and as high as $48.90. On average, 1214030 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 1358555.
Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI fell by 0.22% or $-0.1/share to $44.39. In the past year, the shares have traded as low as $38.32 and as high as $51.98. On average, 379269 shares of RCI exchange hands on a given day and today's volume is recorded at 468966.
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