Canada’s next wireless auction is set to take place in late 2012. Consultations on how to conduct the next auction have been underway for some time with carriers arguing for or against setting aside spectrum for new players (as was done in 2008). At least one carrier, WIND Mobile, is already securing funds in preparation for the auction.
“Provided the conditions are right, [Wind] is prepared to participate and participate substantially,” said Tony Lacavera, Globalive’s chairman and chief executive.
VimpelCom, the company that last year acquired Orascom Telecom which provided much of WIND Mobile’s debt financing, is prepared to extend more than CA$500 million to the carrier. The funding is dependent on Industry Canada only allowing new carriers to bid on certain portions of the spectrum to be auctioned.
The report also indicates that WIND Mobile is now nearing the 400,000 subscriber mark, up from 317,000 early this summer.