Canada auction ends, gets new cell providers
07/22, 3:45pm
CDN Wireless Auction Ends
The Canadian auction for the 2GHz wireless spectrum has ended and confirmed the creation of a new carrier for the country, Industry Canada announced on Monday. The end of bidding will see Globalive, which operates Yak Mobile in Canada but is primarily supported by foreign investments, pay $442 million for a license that gives it licenses to cover all of the country's provinces with services except for Quebec, where it lost out to competing firms such as cable and media powerhouse Quebecor.