Quebecor Media intends to participate in wireless spectrum auction

MONTREAL – Quebecor Media has filed an application to bid as an new entrant in Industry Canada's spectrum auction for Advanced Wireless Services. Quebecor Media said Thursday it has submitted a deposit of $317 million, in the form of letters of credit, to Industry Canada. About 40 megahertz of spectrum is expected to go to new entrants in the wireless market. Quebecor indicated it intended to bid for spectrum across Canada. “We have always stated clearly that our Videotron subsidiary planned to build its own wireless network to serve the Quebec market. However, exceptionally favourable conditions for new entrants, which may never...