Correspondent, Toronto, Canada
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Canada wireless sale nets C$5.27 bln; Quebecor makes splash

OTTAWA/TORONTO, Feb 19 (Reuters) – Canadian
telecommunications companies paid a record C$5.27 billion ($4.78
billion) in an auction to secure airwave licenses, the federal
government said on Wednesday, as a new national challenger
emerged from Quebec.

The stronger-than-expected result was a windfall for
taxpayers and a welcome outcome for the ruling Conservative
party, which has made pro-consumer wireless policies a key plank
of a 2015 re-election strategy.

Feb 19, 2014
Feb 19, 2014
Feb 19, 2014

Canada raises C$5.27 billion in wireless sale; Quebecor goes national

OTTAWA/TORONTO (Reuters) – Canadian telecom companies paid a record C$5.27 billion ($4.78 billion) in an auction to secure licenses for prime airwaves, the federal government said on Wednesday, as a new national challenger looks set to emerge from Quebec.

The biggest national players – Rogers Communications, BCE Inc’s Bell, and Telus Corp – grabbed the lion’s share of the 700 megahertz spectrum, on which they plan to build more powerful wireless network.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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