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This is correct. Please read about Egyptian Wind Mobile having issues entering market because they didn't have enough Canadian ownership.

http://www.techvibes.com/blog/wind-mobile-violates-laws-on-f...



That article is from 2011.

In July 2012, the Federal Government removed that restriction[1]

[1]http://www.mondaq.com/canada/x/186386/Telecommunications+Mob...

(This applies as long as the total annual telecommunications revenues of the new telco represent less than 10% of total Canadian telecommunications revenues, so it basically applies to every newcomer, which is what we have in our operating area)




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