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Monday, July 7, 2014

CORRECTED-Canada to auction spectrum to smaller carriers - Globe and Mail, (NYSE: RCI)

The Canadian government is expected to announce an auction of prime spectrum on Monday, a move that will eventually force smaller carriers to better compete with larger companies such as Bell Canada, Rogers Communications Inc and Telus Corp, the Globe and Mail reported.The auction of "AWS-3 spectrum" is planned to take place ahead of an offering of 2,500 MHz frequencies scheduled for April 2015, the Globe and Mail said.The AWS-3 spectrum is more valuable than the 2,500 MHz variety because it functions well in both urban and rural areas and signals penetrate buildings better.In AWS-3 auction, the set-aside spectrum will be restricted for purchase by small players that are already operating in the region where they seek to purchase more frequencies, the newspaper reported. (

Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI traded higher by 0.4% or $0.16/share to $40.49. 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 176073.