Canada concerned about wireless spectrum "hoarding"

Tue Jul 22, 2008 11:45am EDT
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TORONTO (Reuters) - Canada's government is concerned about "hoarding" of wireless spectrum and has implemented rules that will prevent new market entrants from selling their spectrum licenses to the incumbent Big Three wireless telecoms providers, Industry Minister Jim Prentice said on Tuesday.

Prentice said the 10-year licenses that are being awarded to firms that won spectrum at the government's recent auction cannot be resold to any company that doesn't meet the criteria of a new entrant in the wireless industry for five years. He added he also expects that those who won licenses will put the spectrum they have to "its highest productive use."

(Reporting by Wojtek Dabrowski; editing by Peter Galloway)