, saying the traditional wholesale rate-setting method has resulted in competitors paying them less than the break-even cost.
“Once final rates are set, generally for a five-year period, they typically remain constant, barring any changes in the market,” it said in its decision published Friday.But the CRTC said it will work to improve its current approach, with adjustments such as considering market rates and other relevant information. To do so, it directed carriers to provide market-level information when submitting rate-setting applications for any new or existing services.
“It’s exactly in line with what we were hoping,” said executive director Geoff White, adding that the negotiation model proposed by larger carriers “would have been totally fatal to the competitive industry, which is already on the ropes.”