$2 billion too much: Huge AWS auction overpayment handicaps wireless investment, says Telus

OTTAWA – Due to the “flawed” overall structure of last year’s advanced wireless spectrum auction, Canada’s wireless companies collectively paid over two billion dollars too much, and that is sorely needed cash which could have been put to far better use than just being handed over to car companies, says Telus.In time for its reply comments to Industry Canada’s spectrum auction consultation which were due in yesterday, the number two wireless carrier filed a report by NERA Economic Consulting which examined at the structure of the 2008 AWS auction (comparing it to others around the world and past Canadian ones)...