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Ottawa raises $8 9 billion for 5G wireless licences in 3,500 MHz spectrum auction

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.

Most actively traded companies on the Toronto Stock Exchange

Suncor Energy Inc. (TSX:SU). Energy. Down 82 cents or 3.2 per cent, to $24.89 on 10.6 million shares. Lundin Mining Corp. (TSX:LUN). Materials. Down 24 cents or 2.09 per cent, to $11.21 on 6.5 million shares. Kinross Gold Corp. (TSX:K). Materials. Up 31 cents or 3.94 per cent, to $8.18 on 5.9 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 20 cents or 1.96 per cent, to $10.37 on 5.1 million shares. Enbridge Inc. (TSX:ENB). Energy. Up 14 cents or 0.28 per cent, to $49.45 on 4.6 million shares Bank of Nova Scotia (TSX:BNS). Financials. Up 44 cents or 0.57 per cent, to $78.65 on 4.1 million shares. Companies in the news: TC Pipelines LP. (TSX:TRP) Down 62 cents or 1 per cent, to $61.31 The completion of the Coastal GasLink pipeline could be delayed if TC Energy cannot resolve an ongoing dispute with LNG Canada over project costs, the Calgary-based company said Thursday. TC Energy chief executive François Poirier said construction of Coastal GasLink which TC Energy

Quebecor Drops After Surprise 5G Auction Spending Spree

Quebecor Drops After Surprise 5G Auction Spending Spree
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

Most actively traded companies on the TSX

Most actively traded companies on the TSX
winnipegfreepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winnipegfreepress.com Daily Mail and Mail on Sunday newspapers.

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