Industry Canada seeking at least $250M from 2500 MHz auction
telecom | 10/12/2012 7:57 pm EDT
Industry Canada aims to generate at least $250 million in proceeds from the licensing of all available 2500 MHz spectrum in an auction expected to take place in 2014, the department said in a notice of consultation.
In the notice posted on its website this week, Industry Canada said it intends to auction off 318 licences of 2500 MHz spectrum in 61 service areas across the country, with a total opening bid price for all blocks of $251,853,000.
Proposed opening bids for individual licences in each market range from $32,000 in the Nunavut service area to $18,606,000 in Toronto. The suggested opening bid price for a “national licence” is $66,905,000, the department said.
The department said the suggested bid prices apply 20 MHz blocks of “paired spectrum” (superior
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