May 12, 2015 / 12:38 PM / 3 years ago

Canada raises over C$750 million in telecom spectrum auction

TORONTO, May 12 (Reuters) - The Canadian government said on Tuesday it has raised C$755.4 million ($627.77 million) in a spectrum auction that is set to boost telecom coverage in rural areas that account for vast swathes of land across the country.

The government said Xplornet Communications Inc, a leading rural broadband provider, has acquired airwaves in rural areas across the nation, boosting its holdings by over 60 percent.

Others that snagged valuable spectrum in the auction include regional telecom players like Tbaytel, Eastlink, Quebecor Inc’s Videotron arm and Manitoba Telecom Services.

All three of Canada’s big three players BCE’s Bell unit, Rogers Communications Inc and Telus Corp also snagged airwaves in the 2500 megahertz spectrum auction, the government said.

Details of the auction results were posted on the Internet. here ($1 = 1.2033 Canadian dollars) (Reporting by Euan Rocha and Alastair Sharp, Editing by W Simon)

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