(Reuters) – Rogers Communications Inc (RCIb.TO) said on Wednesday it expects to spend up to C$2.9 billion ($2.21 billion) this year to expand its communications infrastructure in Canada, including for 5G, but warned that “punitive” regulations would slow the deployment of the high speed network.
FILE PHOTO: Rogers Communications logos are seen above a booth during the media day at the Canadian International AutoShow in Toronto, Ontario, Canada, February 14, 2019. REUTERS/Chris Helgren
Lack of “right” regulations in Canada to build 5G infrastructure puts the proposed investment at risk, Chief Executive Officer Joe Natale said.
“As we enter the world of 5G, regulatory certainty is critical to investment,” Natale said on a post-earnings call.
Canada is reviewing the security implications of 5G networks, including whether to allow China’s Huawei Technologies to supply network equipment.
The Canadian Radio-television and Telecommunications Commission (CRTC) could not be…
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