Published Thursday, July 29, 2021 7:33PM EDT The federal government raised $8.9 billion in a licence auction for a key band of 5G wireless spectrum in results announced after the close of markets Thursday. Canada s Big Three wireless companies led the pack, grabbing hundreds of licences for the 3,500 MHz band of airwaves. The 3,500-megahertz band of spectrum will be important because carriers are using it as a building block for their 5G networks. More equipment for carriers and smartphone hardware is expected to work with that frequency band. Mid-range bands like 3,500 MHz are useful in both urban and rural areas because they have the ability to travel considerable distances and pass through buildings.
Canadian 5G auction raises $7 2bn | total telecom
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