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Heavy bidding continues for Toronto licences as PCS fight tops $200 million

News | 01/22/2001 5:00 am EST

Intense bidding for Toronto PCS spectrum by the five remaining national players could push the final price tag for Canada’s hottest market as high as $90 million or higher as companies head into week two of the auction today. How high Toronto, as well as Vancouver and Montreal, eventually sell for could depend on new entrant W2N Inc, which is emerging as the darkhorse against Bell Mobility and Rogers Wireless in the battle for 2 GHz spectrum. W2N is bidding aggressively for two of the four licences up for grabs in Toronto, and in all likelihood will secure at least one of them.

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