Monday, September 20, 2021
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Ottawa raises $8.9 billion for 5G wireless licences in 3,500 MHz spectrum auction


The federal authorities says it raised $8.9 billion in a licence public sale for a key band of 5G wi-fi spectrum in outcomes introduced this afternoon.

Canada’s Huge Three wi-fi firms led the pack, grabbing lots of of licences for the three,500 MHz band of airwaves.

In addition to Rogers, Bell and Telus, carriers gaining licences embody Videotron, Xplornet and SaskTel.

Freedom Cell, the nation’s fourth largest cell service supplier, selected to not take part within the public sale amid a takeover deal of its mum or dad firm Shaw Communications Inc. by Rogers that has but to be accredited by regulators.

The US held an identical public sale final yr, elevating US$4.5 billion ($5.6 billion) in web proceeds. Ottawa’s $8.9 billion far outstrips the $3.5 billion raised in a 2019 spectrum public sale for a distinct, much less fascinating wi-fi band.

In complete, 1,495 out of 1,504 obtainable licences had been awarded to fifteen Canadian firms, together with 757 licences to small and regional suppliers throughout the nation.

This report by The Canadian Press was first printed July 29, 2021.

Firms on this story: (TSX:RCI.B, TSX:BCE, TSX:T)



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