Bidding reached $4 billion on Monday in an online auction aimed at creating more competition in Canada's cellphone market, surpassing early expectations of the amounts of money involved.
Participants in Industry Canada's wireless spectrum auction have bid $4.01 billion for licensing rights for airwaves that wireless networks need to operate over.
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The federal government said earlier this year at least $1.5 billion of the auction profits would be used to pay down the national debt.
What should the government do with the rest of the money?
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Participants in Industry Canada's wireless spectrum auction have bid $4.01 billion for licensing rights for airwaves that wireless networks need to operate over.
Read full story
The federal government said earlier this year at least $1.5 billion of the auction profits would be used to pay down the national debt.
What should the government do with the rest of the money?
More...