Industry Minister Navdeep Bains makes a speech at the Scarborough Civic Centre Library in Toronto, where he unveils details of the federal government’s plan to reduce cell phone bills for Canadians. The Liberals had pledged during the October federal election campaign that they would cut the cost of cell and wireless services by 25 percent.
Canada’s three big national carriers – Bell Canada, Rogers Communications Canada and Telus Communications – will be expected to lower their prices by 25 percent in the next two years. The government will take action with other regulatory tools if these targets are not met within two years. The minister also announces rules for the upcoming 3500 MHz spectrum auction, which will reserve 50 MHz for small and regional telecom companies.