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The federal government plans to hold an auction next year of valuable 700 MHz wireless frequency next year.
The federal government plans to hold an auction next year of valuable 700 MHz wireless frequency next year.
(Fred Lum/Fred Lum/The Globe and Mail)

Quebecor, Shaw pull back on bidding for more wireless spectrum

Two of Canada’s regional cable companies are being coy about whether they will bid in the federal government’s next auction of wireless spectrum, despite having been eager participants the last time around.

Both Quebecor Inc. and Shaw Communications Inc. said Wednesday they remain undecided about partaking in the auction of the valuable 700 MHz frequency next year. Nonetheless, both companies said they consider spectrum a strategic asset, noting they’re mindful of the appreciating value of the airwaves that they already own.