Saturday, February 4, 2023

Canadian Spectrum Auction Bags Almost $7.2 Billion 

By ET Bureau - August 31, 2021 1 Mins Read

 The latest auction by Canada for 500 MHz spectrum is a crucial factor for next generation 5G networks. It has generated a best ever fund of US $7.2 billion (C$ 8.9 billion) with the help of the top telecom companies.

It accounted for more than 80% of the amount raised. Out of 1,504 banking licenses, around 1,495 were awarded to 15 Canadian firms. This includes 757 licenses to regional and small providers, indicated Francois-Philippe Champagne, Canadian Minister of Innovation.

In fact, he believes that the results would boost competition – a reference to Ottawa’s push to open a new market dominated by Telus Corp, BCE Inc, and Rogers Communications Inc.

Source: Reuters

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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