Observations on the spectrum auction...not sure I'd want to own any of the established communication companies after reading these paragraphs from today's G&M.
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“But this isn't about putting money in the government's pocket, it's about letting users keep more money in their pockets because the hope is that this will result in cellphone rates dropping [because of increased competition],” Mr. Grant said.
In a speech announcing the rules of the auction last November, Industry Minister Jim Prentice noted that Canada's cellphone use has the second lowest penetration in the OECD countries, whereas prices are among the highest.
The wide interest from both large and small bidders, established cellphone giants and newcomers, offers the potential for reshaping the landscape of Canada's wireless market, currently dominated by BCE Inc., Rogers Communications Inc. and Telus Corp