Canada Telecommunications Q4 2020
The mobile market continues to be dominated by three national operators, despite the predominantly regional focusand shift towards more consolidation. We believe the entry of a fourth strong operator is unlikely. The scope for M&A opportunitiesremains limited. The market has stayed fragmented based on legacy regional operating concession footprints. The government hastried to support new entrants attempt to make an impact at the local level, by reserving frequencies for small and new operators.The government delayed the auction of 5G-suitable 3.5GHz spectrum until June 15 2020, from its original plan of end 2020/beginning 2021, due to the Covid-19 pandemic.
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