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This is correct. Please read about Egyptian Wind Mobile having issues entering market because they didn't have enough Canadian ownership. http://www.techvibes.

• grecy 14y ago
  That article is from 2011. In July 2012, the Federal Government removed that restriction[1] [1]http://www.mondaq.com/canada/x/186386/Telecommunications+Mobile+Cable+Communications/Its+Official+Foreign+Ownership+Requirements+Removed+For+Many+Carriers http://www.mondaq.com/canada/x/186386/Telecommunications+Mob... (This applies as long as the total annual telecommunications revenues of the new telco represent less than 10% of total Canadian telecommunications revenues, so it basically applies to every newcomer, which is what we have in our operating area)