Canada’s 5G technology roll-out could be delayed [Toronto Globe and Mail (Ontario, Canada)]
Telus Corporation Ordinary Shares (TU)
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Source: Toronto Globe and Mail
Canada’s 5G technology roll-out could be delayed Canada’s deployment of 5G technology could be delayed due to waning consumer demand, smaller telecom budgets and the growing popularity of conspiracy theories linking the wireless networks to the COVID-19 pandemic. The global health crisis has prompted a number of governments around the world, including those of Spain, Portugal, France, Austria and Denmark, to postpone coming auctions of spectrum. Corporations have been unable to bid on these sales for the rights to radio waves used to send wireless signals because they have not been able to hunker down in their war rooms for the bidding process. Although Canada’s auction for 3,500 MHz spectrum, a key band for the deployment of fifth-generation wireless technology, is not slated until December, Desjardins analyst Maher Yaghi says telecom companies are likely pushing for a delay. A wave of business closings and bankruptcies are expected to eat into the revenues of Canada’s telecom compan
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- 2/22/24 - Form 6-K
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