CORRECTED - UPDATE 1-Egypt's OT to create Canadian wireless operator

(Corrects name of Canadian company to Globalive from Globallive in 3rd paragraph)

CAIRO, July 22 (Reuters) - Egypt's Orascom Telecom (ORTE.CA), one of the biggest mobile phone operators in the Middle East, said on Tuesday it was part of a consortium chosen to create a new Canadian wireless operator.

"The new Canadian wireless operator has provisionally won AWS spectrum in Canada," the company said.

OT, which joined forces with Globalive Communications in the bid, said the new wireless operator was the "high bidder on spectrum across every region of Canada, with the exception of Quebec" with a population coverage of 26 million.

The auction of airwaves over which wireless services are delivered raised C$4.25 billion ($4.25 billion) in 331 rounds and almost two months of bidding. The proceeds were more than twice the amount analysts had expected.

Orascom Telecom said it was waiting for the final regulatory approval for the license. (Writing by Alaa Shahine; Editing by Erica Billingham)