Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Wireless spectrum auction results coming, Reuters news agency reports
OTTAWA – The much-awaited results of Canada’s latest wireless spectrum auction are expected within days, a report by the Reuters news agency says.
Citing multiple unidentified sources, Reuters says the results of the 700-megahertz auction could come as early as Wednesday afternoon.
The auction began Jan. 14.
Ten bidders, including Canada’s big three telecom companies: Bell (TSX:BCE), Rogers (TSX:RCI.B) and Telus (TSX:T), participated.
The airwaves up for grabs are considered particularly valuable because they allow signals to travel further and penetrate buildings and tunnels where calls are often dropped.
The previous auction in 2008 raised $4.3 billion for federal coffers and saw the addition of several new wireless companies.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
Related Articles
