CCR Short Takes
News | 01/15/2004 5:00 am EST
UBS withdraws from 2300/3500 MHz spectrum auction
Unique Broadband Systems Inc. (UBS) cites access to enough spectrum through its 51% ownership stake in Look Communications Inc. and an agreement with Microcell Telecommunications Inc. as its reasons for withdrawing from the much anticipated 2300 MHz and 3500 MHz spectrum auction. UBS representative Phil Koven tells Canadian Communications Reports, "UBS feels that with Look’s position in spectrum and the position UBS itself has through its deal with Microcell is enough spectrum for its perceived uses over the short-to-medium term and as a result it is conserving resources for other short-to-medium term priorities."