(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...
Wake Up To Breaking News!
What's more plentiful, hydrogen or stupidity?