of the regulatory framework for message relay service; the CRTC’s proposed phase out of the local service subsidy regime; the impact from the review of Canada’ cultural policies by the Minister of Canadian Heritage; vertical integration in the broadcasting industry resulting in competitors owning broadcast content services and timely and effective enforcement of related regulatory safeguards; the federal government’s stated intention to review the Broadcasting Act and Telecommunications Act as announced in the March of TELUS Common Shares and the ongoing monitoring and compliance with such restrictions.