That was the question asked of me, only somewhat rhetorically, a few weeks ago by a telecom carrier executive.
Why do we still need to have a government body, the CRTC, that cares so much about regulating incumbent carriers? More than any other industry, why is telecom so heavily regulated?
Why don’t we simply let the cable companies and phone companies fight it out and let the customers benefit from the pricing bloodbath?
Right.
That scenario isn’t going to happen for a whole bunch of reasons that I would be pleased to discuss. Over the holidays, I was working on my February lectures to the 2007 class for the University of Toronto Master of Engineering in Telecommunications. My notes on the subject of regulation in a competitive market framework are still fresh. I would be happy to share my views.
In the meantime, those executives can still dream of a future world with no specialized telecom regulation. After all, there are a lot of kids who will return to school next week with a firm belief in Santa.
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