Maybe re-examine the foreign ownership rules for telecommunications companies...
"As it stands now, foreign ownership of a telecommunications company is limited to no more than 20 per cent of a company’s voting shares and no more than 33.3 per cent of the voting shares of a carrier’s holding company, and an effective total limit of 46.7 per cent (as long as the foreign entity doesn’t have control). On top of that, at least 80 per cent of the board members must be Canadian citizens." [0]
(Although seems not to apply to small actors under 10 percent of the market share anymore)
The idea around the foreign ownership laws is to prevent jobs and knowledge from leaving the country hopefully creating entities that can compete at the global level. It has worked with banking but failed with internet providers. It costs regular citizens but not strategically doing this is costly.
The industry is large/stable enough to allow 100% foreign ownership.
"As it stands now, foreign ownership of a telecommunications company is limited to no more than 20 per cent of a company’s voting shares and no more than 33.3 per cent of the voting shares of a carrier’s holding company, and an effective total limit of 46.7 per cent (as long as the foreign entity doesn’t have control). On top of that, at least 80 per cent of the board members must be Canadian citizens." [0]
(Although seems not to apply to small actors under 10 percent of the market share anymore)
[0] https://financialpost.com/telecom/tight-reins-leaves-our-tel...