Cable / Telecom News

Rogers pays a billion


TORONTO – Rogers Communications, in a statement released today, says the nearly $1 billion it bid to increase its spectrum holdings during the current wireless auction will ensure the company is “well prepared to serve its customers now and in the future with leading innovative broadband wireless services.”

"The 20 MHz of Advanced Wireless Services (AWS) spectrum gained through
the auction supports Rogers’ continued growth strategy, and is a responsible
investment particularly in the future diverse and growing opportunities to be
found in broadband wireless data services," said Rob Bruce, president, Rogers
Wireless. "This additional spectrum provides us with the flexibility to ensure we continue our history of launching the most innovative products and services that Canadians want today, and in the future."

Rogers noted it was the only bidder to win the 20 MHz of spectrum in all 59 areas of the country. In total, Rogers will pay $999,367,000. The new spectrum will add to the company’s current portfolio of spectrum holdings and confirms the company’s “commitment to Canadians by being in a position to continue our clear competitive advantage as Canada’s largest and fastest wireless carrier in all Canadian markets.”