The auction netted a record-breaking $8.91-billion for the federal government, with Canada’s Big Three telecoms shelling out a combined $7.35-billion
This translation has been automatically generated and has not been verified for accuracy.A scarcity of highly coveted 5G airwaves contributed to the high prices paid by Canada’s Big Three telecoms in the spectrum auction, which netted a record $8.9-billion for Ottawa, according to analysts and telecom executives.
The mid-band spectrum is considered beachfront property for 5G because it combines capacity – the ability to carry large amounts of data – with coverage, or the ability to travel long distances. The fifth-generation of wireless services promises much faster speeds, less lag time and an increase in the number of devices that can be connected, allowing it to power Internet-of-Things applications such as smart manufacturing and autonomous vehicles.
“When you have important spectrum, you have an unprecedented set aside, [the auction is] blind so you have no idea who’s bidding what and where, that’s the result you get,” Mr. French said, adding that he hopes to see changes in future auctions.
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