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Canada: Wireless auction brings good news for domestic firms

 |  September 24, 2013

Domestic wireless companies welcomed news that foreign firms have largely decided against bidding for Canadian wireless spectrum, saving the nation’s top wireless carriers from the new competition the government was looking to introduce into the market.

The government published the bidders for the wireless spectrum Monday, totaling 15 firm ready to bid in the January 14 auction.

One analyst from Canaccord Genuity said the announcement of the bidders is “a key positive for the incumbents and a key disappointment for the government, which wants four carriers in every market.”

Canada’s telco industry is currently dominated by Roger Communications, BCE and Telus.

Full Content: Reuters

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