Canada launches auction of prized 700 MHz airwaves - Reuters
Canada kicked off an auction of prized wireless airwaves on Tuesday, but the last-minute withdrawal of main upstart Wind Mobile a day earlier suggests the country's largest phone companies could obtain the limited resource more cheaply than previously thought, reports Reuters. Bidders include Rogers, Bell and Telus, which together control about 90 percent of the Canadian wireless market. Besides Wind Mobile parent Globalive, a string of other contenders have also pulled out along the way, including private equity firms Birch Hill Equity Partners Management Inc and Catalyst Capital Group Inc, Mobilicity's single largest debtholder.
14 January 2014•3 mins read
