The Innovation, Science, and Economic Development (ISED) of Canada has detailed the guidelines surrounding the upcoming 3,500MHz wireless spectrum frequency auction to used by future 5G networks.
Applications and deposits for spectrum licences will be due in October, with the full auction commencing in December, ISED confirmed during a conference call with reporters on March 5.
In total, there will be 1,506 licences up for bidding.
ISED set the opening bid prices for 3,500MHz at CA$558 million, although the final amount would be determined by the auction bids and could be much higher, and the revenues would be paid to the Canadian Consolidated revenue fund.
The 600MHz auction held last year raised CA$3.47 billion.