May 11 (Reuters) - Canada upheld a decision by the country's
broadcast regulator to limit the wholesale wireless rates that
major telecom companies charge their rivals, saying the
government was committed to enabling competition in the sector.
The government denied on Wednesday an appeal from BCE Inc
BCE.TO , Canada's largest telecommunications company, against
the ruling by the country's broadcast regulator, Canadian
Radio-television and Telecommunications Commission (CRTC).
The CRTC decision means that the three firms that dominate
the market - Telus Corp T.TO , BCE and Rogers Communications
Inc RCIb.TO - will have to charge lower rates. This will allow
smaller firms to expand.
CRTC's "decision strikes the right balance between the
private sector having incentive to invest and consumers having a
competitive choice," Navdeep Bains, Canada's minister of
innovation, said in a statement.