Licences: Canadian Treasury and Communications

licences: The federal government will get nearly 3.47 billion from its auction of 600 megahertz spectrum licences, which will be used by Canada's wireless communications networks, according to The Toronto Star. Rogers Communications will spend 1.72 billion to acquire 52 licences, making it by far the biggest spender. The Canadian treasury will get a total of nearly 3.47 billion from auctioning 104 licences to Canada's wireless networks, which are racing to get ready for fifth-generation technology that will roll out over a decade or so.A pedestrian walks past the Rogers Building in Toronto on April 22, 2014. Darren Calabrese / THE CANADIAN PRESS This year's auction was for the 600 megahertz band of frequencies, which can cover large areas and easily penetrating buildings. Canada's three national carriers were only allowed to bid on 64 of the available licences in this year's auction because of restrictions imposed by the Department of Innovation, Science and Economic Development. Next year's auction will be for 3,500 MHz licences, which are even more valuable because they're more widely used in fifth-generation networks around the world. (news.financializer.com). As reported in the news.