Canada's C-Band Clearing 'a Loss,' says Piecyk; Telesat Talks LEO

Canada's planned 2023 auction of 250 MHz of C-band spectrum for 5G might mean incumbent user Telesat will be approached by auction bidders about clearing out sooner than the 2025 deadline, though that could be "a messy process" about spectrum not yet won and possibly revealing confidential bidding strategies, Lightshed Partners analyst Walt Piecyk wrote investors Tuesday. He said Telesat will be left with 200 MHz, but it likely needs only half that, which could be an opportunity to monetize the other 100 MHz later. He said the Innovation Science and Economic Development (ISED) Canada announcement last week about the country's C-band approach seems to "set Canada’s 5G ecosystem back relative to other countries." Telesat was willing to clear the spectrum by end of 2023, so ISED setting a 2025 deadline is "a loss for the wireless operators and suppliers in Canada," he said. Canada delaying accessing the C band will drive up prices, which benefits the Canadian government, he said. Telesat said it's evaluating ISED's 3.8 GHz decision. It said ISED didn't adopt Telesat's proposal for clearing a portion of the band and auctioning that spectrum, with proceeds going to help fund Telesat's planned low earth orbit Lightspeed constellation, but it was "pleased that the decision acknowledged the important role LEO constellations can play in bridging the Digital Divide and, to this end, that the Government is in discussions with Telesat to support funding of the Lightspeed program.”