CRTC sets rates that will allow for greater choice of Internet services
Ottawa, October 25, 2024 – The Canadian Radio-television and Telecommunications Commission (CRTC) today announced new rates that will allow for greater choice of Internet services for Canadians.
The new rates will lower the cost of leasing access to incumbent telecommunications companies’ networks, making it more affordable for new entrants to offer competitive Internet services.
“These new rates will make it easier for new companies to enter the Internet market and offer Canadians more choice,” said CRTC Chairman Ian Scott. “This will lead to lower prices, better service, and more innovation.”
The new rates will take effect on January 1, 2025.
The CRTC also announced today that it will be reviewing its Internet service regulations to ensure that they are keeping pace with the changing market.
“The Internet market is constantly evolving, and our regulations need to keep up,” said Scott. “We will be reviewing our regulations to ensure that they are protecting consumers and promoting competition.”
The CRTC’s review of its Internet service regulations will begin in early 2025.
Background
The CRTC is an independent regulatory agency that regulates broadcasting and telecommunications in Canada. The CRTC’s mandate is to ensure that Canadians have access to a diverse range of high-quality broadcasting and telecommunications services at affordable prices.
The CRTC’s rates for leasing access to incumbent telecommunications companies’ networks are set through a process called cost of service. This process involves determining the cost of providing the service and then setting rates that will allow the companies to recover their costs and earn a reasonable profit.
The CRTC’s review of its Internet service regulations will be the first major review of these regulations in over a decade. The review will consider a wide range of issues, including the impact of new technologies, the changing market landscape, and the needs of consumers.
CRTC sets rates that will allow for greater choice of Internet services
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