Canada 700 MHz auction raises CAD 5.3 billion

Thursday 20 February 2014 | 08:36 CET | News
Canada has completed its auction of frequencies in the 700 MHz band, awarding 97 licences to eight companies for a total CAD 5.27 billion. The government said the results of the 22-day auction mean there will be at least four operators able to offer services in every region. Operators will also be able to expand LTE services to rural areas. The big winners of the auction were the existing mobile operators. Bell acquired 31 licences for CAD 566 million total, Telus bought 30 licences for CAD 1.143 billion and Rogers Communications took 22 licences for CAD 3.292 billion. Videotron also acquired

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Categories: Mobile & Wireless
Companies: Bell Canada / MTS / Rogers Communications / SaskTel / TBayTel / Telus / Videotron
Countries: Canada
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