Canadian Wireless Spectrum Auction finally Closed!

After eight weeks and 331 rounds, 292 licences sold, the Canadian Wireless Spectrum Auction grossed the government $4,254,710,327 with Globalive Communications Inc. 30 licences could be the one to emerge as the new national cellphone carrier. The auction was set up to encourage more competition in the wireless market from Rogers, Bell and Telus. Back in May, Honourable Jim Prentice, Minister of Industry, said "Our government's intentions are clear: to achieve lower prices, better service and more choice for consumers and business. We believe in relying on market forces to the maximum extent feasible because competition benefits consumers, and consumers benefit most when markets are as competitive as they can be."