TELUS secures critically important 3500 MHz spectrum licences
VANCOUVER, British Columbia, July 29, 2021 (GLOBE NEWSWIRE) -- TELUS today announced the acquisition of new 3500 MHz spectrum licences in B.C., Alberta, Manitoba, Ontario and Quebec at a cost of $1.95 billion. Combined with the spectrum it acquired privately in January 2021, TELUS now holds licences to an average of 25 MHz of 3500 spectrum nationally and 40 MHz in our key markets, at an average price of $2.53 per MHz-pop. These licences will enable TELUS to deliver enhanced mobile 5G broadband connectivity to its customers nationwide. The 3500 MHz band is mid-band spectrum that has become the critical global band for 5G innovation, as it offers the best combination of speed, capacity -- due to its wide channels and improved latency performance -- and coverage.
- 16.4 MHz of premium-band spectrum purchased in the auction for $1.95B, bringing combined national holdings to 25 MHz, averaging 40 MHz in our key markets
VANCOUVER, British Columbia, July 29, 2021 (GLOBE NEWSWIRE) -- TELUS today announced the acquisition of new 3500 MHz spectrum licences in B.C., Alberta, Manitoba, Ontario and Quebec at a cost of $1.95 billion. - Combined with the spectrum it acquired privately in January 2021, TELUS now holds licences to an average of 25 MHz of 3500 spectrum nationally and 40 MHz in our key markets, at an average price of $2.53 per MHz-pop.
- These licences will enable TELUS to deliver enhanced mobile 5G broadband connectivity to its customers nationwide.
- Canadas 3500 MHz clock auction format drove $8.91 billion in revenue for the Canadian government.