There are certainly ownership restrictions: If telecommunications carriers, including Internet service providers, that own and operate transmission facilities hold a 10 per cent or greater share of Canada’s annual communications market revenues, they are subject to foreign investment restrictions including mandated Canadian ownership of 80 per cent of a company’s voting shares. As well, Canadians must hold 80 per cent of director positions and there must be no indirect control by non-Canadians. If the corporate investor is a subsidiary, the parent company must be incorporated in Canada and Canadians must hold a minimum of 66.6 percent of the parent company’s voting shares. While it could still go private, or a Canadian company could buy it, we would see this as quite unlikely in the current environment.
5i Research Answer: