Publishing date: Jul 14, 2021 • 9 hours ago • 2 minute read •
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(Bloomberg) Canada’s wireless spectrum auction is reported to have raised about C$8 billion ($6.4 billion), a record-breaking number that was higher than expected, according to RBC Capital Markets.
The figure suggests the industry’s three dominant players BCE Inc., Rogers Communications Inc. and Telus Corp. may have spent heavily to boost their efforts to roll out faster 5G services across a country that is the world’s second-largest by area.
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Telecom shares drop in Canada on spectrum sticker shock
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Telecom Shares Dip in Canada on Spectrum Sticker Shock
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