Canada raises US$7.2 billion via auction of 3500 MHz spectrum as firms gear for high-speed internet

OTTAWA: The Canadian government’s auction of 3500 MHz spectrum, which is key for next generation 5G networks, raised a total of CUS$8.9 billion (US$7.2 billion), Innovation Minister Francois-Philippe Champagne said on Thursday. In a statement, he said 1,495 out of 1,504 available licenses were …