Canada’s Rogers To Invest $3 Billion In 2020 On 5G Infrastructure

www.oann.com | 2/14/2019 | Staff
AavyAavy (Posted by) Level 4
(Reuters) – Rogers Communications Inc said on Wednesday it would spend $3 billion this year on building 5G infrastructure in Canada, but warned that “punitive” regulations would slow down the deployment of the high-speed network in the country.

Lack of “right” regulations in Canada to build 5G infrastructure puts the proposed investment at risk, Chief Executive Officer Joe Natale said.

World - Certainty - Investment - Natale - Call

“As we enter the world of 5G, regulatory certainty is critical to investment,” Natale said on a post-earnings call.

Canada is reviewing the security implications of 5G networks, including whether to allow China’s Huawei Technologies to supply network equipment.

Radio-television - Telecommunications - Commission - CRTC - Comment

The Canadian Radio-television and Telecommunications Commission (CRTC) could not be immediately reached for comment.

Countries including the United States, China, South Korea and Japan are in a race to speed up...
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