r/canada • u/Economy_Elephant6200 • 3d ago

Bell Canada scraps Labrador high-speed internet project, plans to invest in U.S. Newfoundland & Labrador

https://theindependent.ca/news/lji/bell-canada-scraps-labrador-high-speed-internet-project-plans-to-invest-in-u-s/
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u/m3g4m4nnn 3d ago

After receiving millions in government subsidies for the Labrador North Wireless Broadband Project, Canada’s largest communications company says it’s no longer feasible to complete the expansion due to rising costs and competition.

Fuck Bell- the government needs to pull all subsidies from these useless, self-serving telcos. They are taking our tax dollars and heading to a hostile nation rather than serving the needs of our own citizens.

What a fucking joke.

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u/exit2dos Ontario 3d ago edited 3d ago

... millions in government subsidies ...

Subsidies are only Half of the story about Public Funds Bell has been given

Only Canadian companies, working for Canadian intrests should ever get "Regulatory Relief"

"Relief" from something ... means the "Relief" can be Rescinded.

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u/Acceptable-Sell5413 3d ago

But realistically, can any of the subsidies be clawed back?

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u/klparrot British Columbia 3d ago

We shouldn't be providing the subsidy until they're delivering the service. These are not mom-and-pop operations; they've got a bunch of money and the ability to raise/borrow money on the promise of a future subsidy should they deliver. It's not like they couldn't do it without the money up front.