A few days ago, the Canadian Wireless Code has been updated to prevent telecommunication companies from charging customers to unlock their device. As of December 1, 2017 all newly purchased cell phones must be unlocked for the customer. This regulation will cost Canadian telecommunication companies close to 40 million. This regulation was created to save Canadians money and to give people more control over their mobile devices.
- What are the repercussions of this? The major Canadian telecommunication stocks dropped very slightly due to this.
- How does this work in the US? Do all phones have to be unlocked?