Canadian Spectrum Auction to End Soon

The Canadian wireless spectrum auction is expected to end today, netting the government more than $4.19 billion.  The auction is expected to generate 3 times more money than expected.  Three carriers: Rogers, Telus and Bell Mobility are leading the bidding, even though the auction is expected to bring in more competition.

Rogers has bid more than $949 million for 55 licenses, Telus has bid $847.5 million for 59 licenses and Bell Mobility has bid $728.6 million for 55 licenses.  Newcomer Quebecor has bid $556 million for 18 licenses in Quebec.