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Factbox: Canada's 2014 spectrum auction and why it matters

Rules on the auction of new bandwidth for Canada's wireless telecoms market favor new entrants into a market dominated by three carriers: Rogers Communications Inc, BCE Inc and Telus Corp.Here are some facts about the January 2014 auction of 700 megahertz spectrum, and why it matters:- The 700 MHz spectrum is coveted for its ability to travel farther than certain other airwaves, thereby requiring fewer towers for rural coverage. It can penetrate buildings, reducing dropped calls.- Seven blocks are available in the auction, which is expected to raise billions of dollars for the Canadian government. But bidders most covet four blocks aligned with U.S. airwaves used by AT&T Inc and Verizon Wireless, given the number of high-end devices designed for the much larger U.S. market.- The bidding deadline is September 17, and the auction starts on January 14 next year. Parties cannot talk with one another after submitting initial bids, so they must agree on any takeovers or network sharing deals...

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