The government is $4.2 billion richer with the conclusion of the cellphone spectrum auction on Monday, while customers stand to win as five new companies are now well positioned to launch services over the next few years.
The auction was designed to encourage new competitors to established giants Rogers Communications Inc., Bell Canada Inc. and Telus Corp. by reserving for them 40 per cent of the 105 megahertz of airwaves up for sale.
Industry Minister Jim Prentice, in announcing the rules last November, said new competitors were necessary to bring down the high costs and poor services offered by the big three in Canada.
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The auction was designed to encourage new competitors to established giants Rogers Communications Inc., Bell Canada Inc. and Telus Corp. by reserving for them 40 per cent of the 105 megahertz of airwaves up for sale.
Industry Minister Jim Prentice, in announcing the rules last November, said new competitors were necessary to bring down the high costs and poor services offered by the big three in Canada.
Read full story
What are you expecting from the new cellphone service providers?
More...