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Goodmans Publications

Satellites, for now

March-5-2010

Area Entertainment, Communications

Summary

In its 2010 Budget delivered Thursday, March 4, Stephen Harper’s Conservative government announced that it will remove the restrictions on foreign ownership of Canadian satellites. The Speech from the Throne, delivered the previous day, had held out the possibility of loosening the restrictions on foreign investment in telecommunications companies more generally, and it remains likely that this government will try to take broader steps in this regard. For the time being, however, the Government is likely playing it safe by addressing a relatively small and uncontroversial segment of the market.

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