Canada wireless spectrum bidders
p2pnet news | WiFi:- Canada’s wireless-spectrum auction is slated for May 27 and the list of “qualified bidders” released by Industry Canada says no large US wireless carriers ate looking for a slice of the, “coveted radio waves that transmit signals for cellphones and other wireless devices”.
The revised list of bidders, “should be a relief to Rogers Communications Inc., Telus Corp. and Bell Canada Inc. because the absence of a T-Mobile or AT&T means there is less risk for incumbent wireless players in Canada, said Greg MacDonald, an analyst at National Bank Financial,” says the Financial Post.
“My biggest concern was that a carrier was in the wings. I think you can safely say there is no stealth carrier out there,” he said.
However, after, “initially indicating a plan to spend $800-million on wireless spectrum, the Niagara Networks application was ‘withdrawn’,” according to yesterday’s list of qualified bidders, according to the story, adding:
“The detailed information did, however, confirm the presence of a bona fide and deep-pocketed investor with media and cable experience. Microsoft co-founder Paul Allen is one of the financial backers of a planned bid by Canadian media and fast-food entrepreneur John Bitove.
“Mr. Bitove and his partners, which also include private-equity group Quadrangle Group, submitted a $106-million letter of credit to Industry Canada. The group is bidding under the name Data & Audio-Visual Enterprises Wireless Inc. (DAVE), and will be controlled by Mr. Bitove.
“Mr. Allen, who is among the world’s wealthiest men, has invested in more than 50 companies through investment fund Vulcan Inc., in sectors including cable TV and telecommunications, sports, technology, aerospace, entertainment, biotechnology, oil and real estate.”
Financial Post – Wireless auction has first casualties, April 1, 2008
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April 1st, 2008 at 8:26 am
I say get rid of the cell phone spectrum and add more analogue TV channels
Never really cared for cell phones, and I’d rather not go through the hassle of buying new electronics because of them.