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Xplornet to be sold to U.S. company for $2B: report

telecom | 02/25/2020 6:41 pm EST

Xplornet Communications Inc. will be bought for some $2 billion USD by a U.S.-based investment firm, according to a report from Bloomberg News.  Asked if the government was aware of the reports of the transaction, a spokesperson for Innovation Minister Navdeep Bains wrote in an emailed statement: “our government is committed to ensuring Canadians pay fair prices for mobile and wireless services, regardless of their postal code. We monitor transactions in Canada from a competition and regulatory perspective and conduct reviews as appropriate.” There are indications the government...

3.5 GHz auction will mean a level playing field for 5G: ISED

Media | 06/05/2019 7:56 pm EDT

MISSISSAUGA, Ont. — Innovation Canada will give existing holders of 3.5 GHz spectrum an opportunity to apply for flexible use of the spectrum based on their proportional holdings of the frequencies, it said in a new document outlining how the band, said to be crucial for...