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Canada high-speed spectrum auction gets C$1.5 billion
Posted: 02-Feb-2001 [Source: Reuters]

[Prices went at only C$1.40 per person per megahertz of spectrum, compared with the recent C$6.28 per person per megahertz of spectrum paid in the US. ]

by Ian Karleff, Toronto -- "Canada's auction of licenses to use the 2.5 gigahertz spectrum, dedicated to high-speed wireless services, closed on Thursday with three established wireless phone operators and two new players bidding a total of C$1.5 billion ($1 billion) for the right to deliver wireless Internet services to Canadians.

"Proceeds of C$1.5 billion to the Canadian government are lower than initial estimates because the acquisition of Clearnet Communications Inc.(Toronto:NETa.TO - news) by TELUS Corp. (Toronto:T.TO - news) last year eliminated a serious bidder.

"Bell Mobility Inc., a unit of BCE Inc. (Toronto:BCE.TO - news), Canada's dominant telecoms conglomerate, was the top bidder at C$720 million for the spectrum, taking licenses in Newfoundland, southern Ontario, Alberta, British Columbia and Saskatchewan.


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