CORRECTED-Canada upholds broadcast regulator's decision on fiber-optic lines

Wed May 11, 2016 4:51pm EDT
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(Corrects to show government upheld decision on sharing fiber-optic networks on Wednesday, not on capping wireless rates)

May 11 (Reuters) - Canada upheld a decision by the country's telecommunications regulator that the biggest providers must share their 'last mile' fiber-optic connections, saying on Wednesday that the government was committed to enabling competition in the sector.

The government denied on Wednesday an appeal from BCE Inc , Canada's largest telecommunications company, against the ruling by the country's broadcast regulator, Canadian Radio-television and Telecommunications Commission (CRTC).

The CRTC decision means that firms that dominate the market will have to share what fiber connections they do have to homes and businesses. This will allow smaller firms to expand.

CRTC's "decision strikes the right balance between the private sector having incentive to invest and consumers having a competitive choice," Navdeep Bains, Canada's minister of innovation, said in a statement. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Sriraj Kalluvila)