Canada's spectrum auction raises record $7.2 billion as firms gear for high-speed internet
By David Ljunggren and Moira Warburton
OTTAWA (Reuters) -Canada's auction of 3500 MHz spectrum, which is key for next generation 5G networks, generated a record C$8.9 billion ($7.2 billion), with the country's three dominant telecom companies accounting for more than 80% of the amount raised.
Out of 1,504 available licenses, 1,495 were awarded to 15 Canadian companies, including 757 licenses to small and regional providers, Innovation Minister Francois-Philippe Champagne said in a statement on Thursday.
The results would boost competition, he added, a reference to Ottawa's push to open up a market dominated by BCE Inc, Telus Corp and Rogers Communications Inc, known as the big three.
Canadian consumers have complained of steep wireless bills, which are among the highest in the world, and Prime Minister Justin Trudeau's Liberal government has asked operators ...
Read More on Datafloq
OTTAWA (Reuters) -Canada's auction of 3500 MHz spectrum, which is key for next generation 5G networks, generated a record C$8.9 billion ($7.2 billion), with the country's three dominant telecom companies accounting for more than 80% of the amount raised.
Out of 1,504 available licenses, 1,495 were awarded to 15 Canadian companies, including 757 licenses to small and regional providers, Innovation Minister Francois-Philippe Champagne said in a statement on Thursday.
The results would boost competition, he added, a reference to Ottawa's push to open up a market dominated by BCE Inc, Telus Corp and Rogers Communications Inc, known as the big three.
Canadian consumers have complained of steep wireless bills, which are among the highest in the world, and Prime Minister Justin Trudeau's Liberal government has asked operators ...
Read More on Datafloq
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