The result of the 700 MHz spectrum auction validates our government's goal of at least four wireless players in every region of the country and raised $5.27 billion in revenue
February 19, 2014 – Ottawa – Industry Canada
Consumers are the big winners following the conclusion of the 700 MHz spectrum auction. Industry Minister James Moore today announced that 97 licences have been awarded to 8 Canadian companies. A fourth wireless provider obtained spectrum in every region of the country, delivering on our government's commitment to encourage more competition in Canada's wireless industry. The total revenue generated from the 700 MHz auction is $5.27 billion, the highest return ever for a wireless auction in Canada.
Through this auction, our government sought to make spectrum available in a way that would result in more competition for Canadian consumers. The auction results achieved this goal. Companies that obtained licences for these high-quality wireless airwaves will be able to start deploying in mid-April to provide better service to their customers on the latest technologies.
Office of the Minister of Industry