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News from Reuters

Government says to comment soon on Globalive phone bid

16/11/09

OTTAWA (Reuters) - The Canadian government will comment soon on the telecommunications regulator's decision to deny an operating license to start-up wireless carrier Globalive, an official said on Monday,

The Canadian Radio-television and Telecommunications Commission had said in a ruling last month that Globalive was effectively under the control of its Egyptian-based financial backer, Orascom Telecom , and therefore did not comply with the country's foreign ownership rules.

"We take this situation very, very seriously. We're currently studying the CRTC's decision, and the government will be in a position to comment further shortly," Mike Lake, parliamentary secretary to the industry minister, told the House of Commons.

(Reporting by Randall Palmer; editing by Peter Galloway)

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