Tag - Yak Mobile
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.
A soon-to-be concluded Canadian wireless auction is now likely to offer a new wireless service provider in the country, according to observations. More than $4.2 billion in bids have been made and are currently led by relative newcomer Globalive, which currently operates small-scale provider Yak Mobile but is now set to obtain 31 out of 292 regional licenses that will let the company operate a countrywide network for phones or data services on a future portion of wireless spectrum.