Canada blocks NextWave-Inukshuk spectrum transfer request

TORONTO Thu Feb 27, 2014 9:14am EST

TORONTO Feb 27 (Reuters) - Canada said on Thursday it has declined a request to transfer 83 wireless spectrum licenses from NextWave to Inukshuk, which is owned by Rogers Communications and BCE Inc's Bell Canada unit.

Canada's Industry Minister James Moore, in a brief release, said the license transfer would have led to unacceptable levels of concentration of spectrum in the hands of incumbent carriers and negatively affected competition in the region.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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