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Monday, November 24, 2014

Canada telecom regulator starts review of fixed-line services, (NYSE: RCI)

Canada's telecom regulator began the last of three major policy reviews on Monday as it seeks to strike a balance between ensuring consumers have broad access to new technologies while avoiding rules that would discourage investment. The hearing by the regulator, the Canadian Radio-television and Telecommunications Commission (CRTC), on the wholesale telecom services market will consider whether big telephone and cable companies should be forced to share so-called "last mile" wiring, which brings services directly to the retail customer's door, with smaller rivals.Due to improved fiber-optic connections, this wiring allows consumers to enjoy greater volumes of streaming online video and to place video calls over the Internet, among other benefits.The CRTC said on Monday its focus is on choice and sustainable competition, and it will have decide whether to give small players greater access to these lines to foster that competition.Big players such as BCE Inc's Bell Canada and Rogers Communications Inc are expected to argue they should be allowed to maintain control over high-speed fiber-to-the-premises lines so that they can recoup their investments in these expensive-to-build networks.

Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI fell by 0.99% or $-0.4/share to $39.81. In the past year, the shares have traded as low as $36.05 and as high as $45.86. On average, 314126 shares of RCI exchange hands on a given day and today's volume is recorded at 341687.