Slide 18 Notes:
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We have entered a world of total services competition. Whether it is local, long distance or international… wireline or wireless… point to point, multi-cast or broadcast… interactive or passive… consumers have more choice. Choice is good for all of the stakeholders - consumers, service providers, manufacturers. We all work harder to do better. We find more interesting ways to do the same things. We find creative ways to do more for less - When I read that Bell bought fibre strands from Fonorola, I saw that as a sign that there really are changes inside the “New Bell.” Contrary to what Call-Net called a “short-sighted action that could decrease the value of Fonorola,” Fonorola and Bell showed that they have what I call “the competitive maturity” to compete on one front, while working together on another. In our world of Total Services Competition, we will see more of these arrangements, even with the consolidation that is capturing so much interest today.
The same holds true for International competition. It is not necessary for each of Canada’s phone companies to become international carriers in order for them to benefit from international competition. AT&T Canada’s customers, and Telus customers and NB Tel customers will benefit at least as much from the arrival of choice as they would if each of these companies selectively enters the international arena on their own. Teleglobe will be a stronger company - if it responds correctly - because of more choice in its home market. Alliances or not - competition brings out the best in all of us.