The Liberal government is giving Canada’s big three national wireless providers two years to cut their basic prices for cellphone services by 25 per cent — and telling them it will step in to cut prices if they don’t comply.
Innovation, Science and Industry Minister Navdeep Bains issued the ultimatum today along with new spectrum auction rules that could open up Canada’s wireless market to new competition.
“Yes, affordability is a challenge and we need to see lower prices,” Bains told CBC news.
Bains said the government expects Bell, Telus and Rogers to reduce the cost of their 2 to 6 gigabyte data plans by 25 per cent within the next two years. That would mean offering a talk, text and data plan costing less than $40 monthly.
Read full story here: Liberals Give Big 3 Wireless Providers Two Years To Cut Prices By 25 Percent | CBC News
