Report
Matthew Dolgin
EUR 100.00 For Business Accounts Only

In Canada's 600 MHz Auction, Contrary Strategies Put Rogers and BCE on Opposite Ends of the Spectrum

The 600-megahertz spectrum auction was more expensive than we anticipated, but more surprising was the divergent strategies of the biggest firms. At the extremes, Rogers spent CAD 1.7 billion on 600 MHz spectrum, while BCE acquired none. Of the other two Canadian firms we follow in the industry, Telus spent CAD 931 million, and Shaw spent CAD 492 million. We had already modeled each of the firms to spend between CAD 500 million and CAD 1 billion on 600 MHz spectrum, so the deviations don't resul...
Underlying
Rogers Communications Inc. Class B

Rogers Communications is a holding company operating as a communications and media company. Co. has four segments: Wireless, which provides wireless telecommunications operations; Cable, which provides cable telecommunications, including internet, television, and telephony services; Business Solutions, which provides network connectivity through its fibre network and data centre assets to support voice, data, networking, hosting, and cloud-based services for businesses, governments, and other telecommunications providers; and Media, which consist of media properties, including television and radio broadcasting, shopping, publishing, sports media and entertainment, and digital media.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Dolgin

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