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Monday, July 7, 2014

Canada offers more wireless airwaves to spark competition, (NYSE: RCI)

The Canadian government said on Monday it will auction more prime wireless spectrum early next year, with more than half the airwaves set aside for newer players that have struggled to win business from the country's three dominant telecom companies.The Conservative government hopes the auction of the spectrum, known as AWS-3, will encourage investors to pour money into some of these smaller players, which include Wind Mobile and Mobilicity. This would help them better compete against the big three: BCE Inc's Bell, Rogers Communications Inc , and Telus Corp.Wind, Mobilicity and others entered Canada's wireless market after a 2008 auction of very similar airwaves that were also set aside for the purpose of stoking competition.The government's latest move could spur an investor, or a group of investors, to consolidate the newer players, through acquisitions, into a strong fourth national player.

Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI fell by 2.0% or $-0.81/share to $39.68. In the past year, the shares have traded as low as $37.00 and as high as $46.10. On average, 323346 shares of RCI exchange hands on a given day and today's volume is recorded at 444243.