In another setback for the Canadian government's plan to introduce more competition in the wireless sector, private equity firm Catalyst Capital Group has withdrawn from a government auction of prized wireless airwaves. Catalyst becomes the fourth entity to opt out after a total of 15 players initially registered to bid in the Jan. 14 auction of 700 MHz spectrum, according to an update posted on the industry ministry's website late on Wednesday.The government's rules for the upcoming auction, as well as for one held in 2008, are aimed at lowering consumer prices by breaking the stronghold that Canada's three dominant players -Rogers Communications Inc, BCE Inc and Telus Corp - have on the country's mobile phone business.Ottawa says the upcoming auction is designed to ensure there is a fourth competitor in every wireless market in Canada.But new entrants have found it hard to survive in the Canadian market, and some analysts and company executives have complained that government policies have confused and spooked investors eyeing a move into the country's telecoms industry.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE remained unchanged at $43.70. In the past year, the shares have traded as low as $38.72 and as high as $48.06. On average, 633328 shares of BCE exchange hands on a given day and today's volume is recorded at 265660.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE fell by 0.3% or $-0.14/share to $46.53. In the past year, the shares have traded as low as $40.58 and as high as $48.90. On average, 1219620 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 362185.
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