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CRTC Wholesale Broadband Pricing Decision Threatens Canada’s Broadband Future | Crwe World

CALGARY, Alberta, Aug. 21, 2019 (GLOBE NEWSWIRE) — Shaw Communications Inc. today said there will be long-term negative consequences to Canadians from the CRTC’s decision to dramatically reduce federally regulated wholesale broadband prices charged to third party internet providers.

“We cannot understand the CRTC’s rationale for drastically reducing the wholesale broadband rates available to third party internet resellers,” said Brad Shaw, CEO of Shaw Communications. “In time, this decision will be seen as short-sighted, and have negative far-reaching consequences for consumers and for the future investment required to build network capacity in all parts of Canada.”

As a result of the reduced wholesale rates, which the CRTC requires to be applied retroactively to January 2017, Shaw will incur a one-time charge of approximately $10 million in its fourth quarter results for fiscal 2019.

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Crwe World | CRTC Wholesale Broadband Pricing Decision Threatens Canada’s Broadband Future.

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