Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Canada telecom regulator to ban unlocking fees for phones

Published 2017-06-15, 11:41 a/m
© Reuters.  Canada telecom regulator to ban unlocking fees for phones
RCI
-
BCE
-
T
-

TORONTO, June 15 (Reuters) - Canada's telecom regulator will later this year require mobile phone providers to sell only unlocked devices to new customers and will also ban the charging of fees for existing customers looking to leave, it said on Thursday.

In an update to its 2013 Wireless Code, the Canadian Radio-television and Telecommunications Commission (CRTC) said that from Dec. 1 all new mobile devices must be sold unlocked and that existing individual and small business wireless customers will have the right to have their devices unlocked free of charge upon request.

"The changes and clarifications we are announcing today will give Canadians additional tools to make informed choices about their wireless services and take advantage of competitive offers in the marketplace," said CRTC Chairman Jean-Pierre Blais.

Blais, whose term expires on Saturday, earlier this week said his as-yet unnamed replacement may have to intervene in wireless markets to stoke competition. update also said that customers unhappy with a new device purchase will be able to cancel their contract within 15 days and return the device in near-new condition without penalty, unless they have used more than their monthly usage limit.

Canada's wireless market is dominated by three major players: Rogers Communications Inc RCIb.TO , Telus Corp T.TO , and BCE Inc's BCE.TO Bell Mobility.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.