In potentially one of its most important rulings in a long time, the CRTC has opted for limited regulation of VOIP telephone service. This will have the effect of creating a level playing field for the use of VOIP based telephone service to consumers. Established telephone providers like Bell and Telus will not be able to undercut the emerging competition and all will be subject to the vagaries of the market. It means that new VOIP providers will be able to offer competitive telephone services over the internet, creating serious competition. One likely result will be the reduction in the cost of all telephone service for consumers. CRTC decides on limited regulation for VoIP telephone services to foster competition