Minister Champagne Announces Investment in Canadian Telecommunications Sector
Ottawa, November 6, 2024 – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Economic Development, today confirmed a significant investment in the Canadian telecommunications sector. The investment will support the deployment and adoption of next-generation networks and digital technologies to connect rural and remote communities, enhance network resilience, and drive economic competitiveness.
“Access to fast, reliable and affordable broadband internet is essential for Canadians to fully participate in the digital economy and access essential services,” said Minister Champagne. “This investment will help to ensure that Canada remains at the forefront of the digital revolution and that all Canadians have the opportunity to benefit from the transformative power of broadband connectivity.”
The investment will be allocated across multiple programs and initiatives, including:
- Broadband Fund: Up to $2 billion in funding to support broadband infrastructure projects in unserved and underserved communities.
- Accelerated Investment Incentive: Tax incentives to encourage telecommunications companies to invest in network expansion and upgrades.
- Digital Economy Strategy: Funding for initiatives to promote digital literacy, skills development, and innovation in the digital sector.
- Cybersecurity Framework: Enhancements to the Canadian cybersecurity framework to protect critical infrastructure and sensitive information.
The investment is expected to create thousands of new jobs in the telecommunications sector and generate significant economic benefits for Canada. By connecting more businesses and households to high-speed broadband, the investment will boost productivity, innovation, and economic growth.
“This investment is a major step forward in our commitment to bridging the digital divide and ensuring that all Canadians have access to the benefits of a connected society,” said Minister Champagne. “We will continue to work with our partners in industry, academia, and other levels of government to ensure that Canada remains a leader in the digital economy.”
The investment announcement was welcomed by industry stakeholders.
“This is a game-changing investment for the Canadian telecommunications sector,” said Ian Scott, President and CEO of the Canadian Wireless Telecommunications Association. “It will enable us to accelerate the deployment of next-generation networks and provide Canadians with the connectivity they need to compete and succeed in the digital economy.”
“The investment announced today will help to bridge the digital divide and ensure that all Canadians have access to the transformative power of broadband connectivity,” said Mark Goldberg, President and CEO of the Canadian Internet Registration Authority. “This is essential for Canada’s economic and social development.”
The government of Canada is committed to making strategic investments in key sectors of the economy to drive economic growth and create opportunities for Canadians. The investment in the telecommunications sector is part of this broader commitment to building a strong and resilient Canadian economy for the 21st century.
Contacts:
Michelle Toy Media Relations Innovation, Science and Economic Development Canada 343-291-1710
Ann-Clara Vaillancourt Press Secretary Office of the Minister of Innovation, Science and Economic Development 613-295-8223
Minister Champagne to confirm an investment in the Canadian telecommunications sector
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