Posted November 11, 2018 07:14:49A Canadian-made optical fiber cable has been the envy of many broadband providers worldwide, thanks to its low cost and ability to deliver gigabit-speed speeds in places where there are no other options.
But now, the Canadian government is introducing a new regulatory structure that will allow the nation’s largest telecom providers to get access to a new technology that will significantly reduce their costs and increase their ability to serve Canadians.
The government announced last week that it will give the government-owned Telus Corp. and Rogers Communications Inc. access to the new fiber optic technology it is developing under a program called Optus Networks.
The company, based in Saskatoon, Saskatchewan, is developing fiber optic cable that can carry internet speeds of up to 1.3 gigabits per second (Gbps) between the United States and the United Kingdom, which is the home to the world’s largest and most populous cities.
The project has been under development since 2015, but the Canadian Government has not been able to sell the fiber to consumers.
Instead, the Government Communications and Consumer Services (GCCS) has been paying companies such as Rogers and Telus to provide the cables to the government.
The new regulatory framework is expected to make it much easier for companies to buy the fiber, allowing them to sell it to consumers for less than they would otherwise be able to.
Telus, which had been negotiating for months to buy a portion of the government’s stake in Optus, has now committed to buying a portion from the Canadian companies.
Under the new regulatory regime, the governments will have the ability to issue up to 10 million gigabonds of bonds to secure the government bonds and to sell them at a discount to their original price.
This would allow the government to sell off the bonds at a lower discount than it would have done under the previous framework.
This also could allow companies to invest the proceeds from the sale of the bonds to finance infrastructure investments, which could help the country’s economy grow.
The telecom giants have said that the new framework will allow them to offer faster internet speeds and improve the quality of the services they offer.
It also will allow companies like Optus to make the connection between the two countries, where they operate the countrys biggest fibre optic network.
But the new arrangement may be controversial in Canada.
The Canadian telecom industry is currently lobbying for a change in the government structure to allow it to buy up a large stake in companies like Telus.
Telesys, which provides the majority of the nations internet infrastructure, has previously lobbied for a regulatory change that would allow it in a similar manner to the U.S. company Comcast, which owns NBCUniversal, NBC and Time Warner Cable.
The cable giant has said it is opposed to a change to the structure because it would put the ability of Canadian companies to build out their networks at risk.
“The government needs to make a decision on the best way to proceed,” said Paul Gajewski, a Telesys spokesperson.
“We don’t support this.
It’s not in our interest.”
Telus says the new pricing structure will allow it more time to assess whether the government has the authority to make an investment in Optuses business.
“The Government Communications Commission has not determined whether the Optus-Rogers investment is subject to a competitive process,” said the company in a statement.
“In light of this uncertainty, the Commission will continue to review this decision and any other relevant matters.”
Rogers Communications has been a vocal supporter of the Canadian telecommunications industry and has pushed the government for a more competitive relationship with the United Nations.
In December, it was reported that the U,N.
agency had been monitoring the Canadian telecom company and was planning to impose penalties on Rogers if it failed to take steps to address the problem.
Rogers also argues that the government should be allowed to sell its stake in the company, which has been in the hands of the telecom giant for decades.
The Canadian Government Communications Security Establishment, or CSCSE, which manages the Canadian cable network, has not previously been involved in the telecommunications business.