Round 4: Canadian Wireless Auction up to $700,952,480

Another day – a couple hundred million added to the pot for Industry Canada’s spectrum auction as it now surpasses the $700 million mark.

Rogers Commnication Inc. leads the way on the second day as it has become the top bidder in 8 licences located in areas such as Toronto, Montreal, Vancouver, Edmonton and Ottawa worth a total of $111.2-million.

In second place we have the creative U.S private equity-driven organization 6934579 Canada Inc. with over $107.4 million bidding on six licences. Telus Corp. (64 bids) and Bell Mobility Inc. (46 bids) round out the top 5 spots.

Some key new entrants notable info:
Quebecor Inc.: top bid for 20 licences worth $60.8 million
Globalive Communications Corp.: 10th spot with two licences worth $24.2 million
MTS Allstream: believes Southern Ontario is big with a bid valued at $76.4 million