UBS Wireless Services Inc., a Unique Broadband Systems Inc. (UBS) subsidiary, has unexpectedly withdrawn from Industry Canada’s residual auction of spectrum licences in the 2300 MHz and 3500 MHz bands. This is the second time the company has pulled out of the bandwidth sale as it did the same thing earlier this year, withdrawing from the initial auction prior to the start (RoW, Jan. 27/04). The company was apparently making a strong push for several W-band licences in major urban centres in Central Canada. The 2300 MHz spectrum would have been a good fit for the UBS’ wireless cableco Look Communications Inc. Company executives aren’t talking about why it pulled out the second time. Gerald McGoey, president and CEO of UBS Wireless, didn’t return phone calls seeking comment on the reasons for the company’s withdrawal from the auction. Earlier this year, however, a UBS spokesperson cited a healthy spectrum position resulting from an ownership stake in Look Communications and an agreement with Microcell Telecommunications Inc.’s Inukshuk Internet Inc. as the reasons for pulling out. "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. It’s not a function of any less interest in the spectrum, it is just they really have enough for their current use," Phil Koven, a representative for UBS, told Report on Wireless at the time. However, the existence of an agreement between Microcell and UBS is still in question. UBS contends a deal exists, while Microcell says it never inked an agreement with the company (RoW, May 4/04).