[bylo]

Last minute reprieve! Globalive to enter wireless market - The Globe and Mail

Ottawa has rejected a regulatory decision and allowed Globalive Wireless Management Corp. to enter Canada's wireless market, adding a fourth major service in an industry now dominated by three players.

Industry Minister Tony Clement said Friday the federal cabinet decided to “vary” an October ruling by the Canadian Radio-television and Telecommunications Commission that Globalive could not enter Canada because it violated ownership rules, finding that the majority of its equity almost all of its debt is owned by an Egyptian company.

Ottawa is keen to spark more competition in the telecommunications business and reviewed the CRTC ruling with input from the industry, although Mr. Clement said his decision was based firmly on legal ownership requirements.