text: Pursuant to the Telecommunications Act and associated regulations, the 
  same rules also apply to Canadian telecommunications carriers such as 
  Wireless, except that there is no requirement that the chief executive 
  officer be a resident Canadian. We believe we are in compliance with 
  the foregoing foreign ownership and control requirements. 
  
  (cid:129) Associated entities can apply to bid separately and to have the 
  auction cap applied individually. These bidders must demonstrate 
  that they “intend to separately and actively provide services” within a 
  given licence area for the duration of the spectrum caps (five years 
  after licensing). Industry Canada has determined that no registered 
  bidders were associated with each other. 
  
  On June 29, 2012, Bill C-38 amending the Telecommunications Act 
  telecommunications 
  passed into law. The amendments exempt 
  companies with less than 10% of total Canadian telecommunications 
  market measured by revenue from foreign investment restrictions. 
  Companies that are successful in growing their market shares in excess 
  of 10% of total Canadian telecommunications market revenues other 
  than by way of merger or acquisitions will continue to be exempt from 
  the restrictions. 
  The auction was initially set to begin on November 19, 2013. 
  June 2013, 
  September 17, 2013, and the auction start to January 14, 2014. 
  In 
  Industry Canada moved the application deadline to 