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CRTC promotes competition for broadband Internet services by setting lower wholesale ratesOTTAWA and GATINEAU, QC, Aug. 15, 2019 /CNW/ - The CRTC today set final wholesale rates that will facilitate greater competition and promote innovative broadband services and affordable prices for consumers. The wholesale rates are paid by competitors who access the existing high-speed access networks of the large cable and telephone companies. In 2016, the Commission set revised interim wholesale rates as those proposed by the service providers were not just and reasonable. The final rates announced today are lower than the interim rates and retroactive to the date they were set in 2016. The monthly capacity rates are 15% to 43% lower than the interim rates. As for the access rates, they are 3% to 77% lower than the interim rates. Quote "As the demand for faster broadband speeds grows, we are putting measures in place to ensure Canada's Internet market remains dynamic. The final rates we set today will foster increased choice at more affordable prices while encouraging a more robust and competitive marketplace across Canada." Ian Scott, Chairperson and CEO of the CRTC Quick Facts
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