Wireless spectrum auction results coming: reports

Results expected as early as Wednesday

OTTAWA – The much-awaited results of Canada’s latest wireless spectrum auction are expected within days, a report by the Reuters news agency says.

Citing multiple unidentified sources, Reuters says the results of the 700-megahertz auction could come as early as Wednesday afternoon.

The auction began Jan. 14.

Ten bidders, including Canada’s big three telecom companies: Bell (TSX:BCE), Rogers (TSX:RCI.B) and Telus (TSX:T), participated.

The airwaves up for grabs are considered particularly valuable because they allow signals to travel further and penetrate buildings and tunnels where calls are often dropped.

The previous auction in 2008 raised $4.3 billion for federal coffers and saw the addition of several new wireless companies.