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Canada’s high-quality wireless service could be in jeopardy if our national telecommunications regulator tries to stimulate competition by wading into the wholesale market, Telus Corp. said Tuesday.

Telus, the first of the incumbent carriers to present at hearings in Gatineau, Que. this week, touted the quality of Canada’s wireless networks, with Telus president and CEO Joe Natale calling them “among the fastest and most reliable in the world” in a statement.

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Telus argued that if the Canadian Radio-television and Telecommunications Commission regulated the wholesale market to help new entrants compete, the incentive for both new and existing carriers to invest in upgrading their infrastructure would be gone.

Telus also took issue with the Competition Bureau’s assertion at the hearing on Monday that the incumbent wireless carriers are earning higher-than-normal profits. Expert witness Jeffrey Eisenach said the calculation was based on “unsupportable assumptions and other errors.”