Rogers Communications has acquired 3800 MHz in the country’s third 5G spectrum auction on Canada’s largest 5G network. Rogers invested $475M for 40.5 MHz of 3800 MHz spectrum at $0.32 cents per MHz/POP across 172 regions available under the spectrum auction. The acquired 3800 MHz will complement Rogers 3500 MHz 5G spectrum that it currently holds. This spectrum covers not only urban areas, but also includes rural and Indigenous communities across the country.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RCI:
- Rogers Communication (TSE:RCI.B) Gains on New Subway Build
- Rogers Turns on 5G Service for Its Customers at All TTC Subway Stations
- Rogers Communications price target lowered to $54 from $55 at Barclays
- Rogers Communications price target raised to C$71 from C$69 at RBC Capital
- Rogers Communications price target raised to C$69 from C$67 at CIBC