Shaw not bidding in upcoming wireless spectrum auction
Posted April 7, 2021 12:06 pm.
Last Updated April 7, 2021 12:08 pm.
OTTAWA — Freedom Mobile and its parent Shaw Communications Inc. have decided against bidding in a crucial upcoming wireless spectrum auction that’s to be held later this year.
The information is contained in an official list of applicants released by the federal department that co-ordinates the auctions, which are vital to wireless communications.
Freedom and Shaw’s names are missing from the list, which was released following a Tuesday deadline for applications.
The list does include the three biggest wireless providers — Rogers, Bell and Telus — as well as some smaller candidates.
Freedom has been Canada’s fourth-largest wireless provider and an important competitor to the Big Three in terms of price..
But Rogers Communications Inc. wants to buy Shaw and Freedom in a $26-billion deal in mid-March that will require regulatory approvals.
This report by The Canadian Press was first published April 7, 2021.
Companies in this story: (TSX:RCI.B TSX:SJR.B, TSX:BCE, TSX:T, TSX:QBR.B)
The Canadian Press
