MTS Doles Out $8.8M on Wireless Spectrum

MTSMTS secured a prime block of wireless spectrum on Wednesday as part of Industry Canada’s 700 MHz spectrum auction.

The Manitoba telecommunications provider spent approximately $8.8 million on the acquisition.

“We are very pleased with this result, which is great for Manitobans and great for our shareholders,” said CEO Pierre Blouin. “We have the largest and best wireless coverage in Manitoba, including a large WiFi network.”

MTS says it plans to use the spectrum in its Manitoba network to add more high-speed data capacity and support advanced wireless services for both existing and new customers.

Bell, Rogers and Telus also gained access to spectrum across Canada, including regional carriers EastLink, Sasktel, and Quebec-based Vidéotron.

The auction raised $5.3 billion from telecom firms. The new spectrum will allow for better cellular service in areas that currently may be spotty for a signal, such as elevators, parking structures and basements.