Following the news, the Thornhill-Ont. based company is raising $8.9 million in a share sale to fund 5G trials, with the intention of serving high-rise customers next year. But Ottawa reclaimed licences in the 3,500-MHz range from Xplornet and Inukshuk, a partnership between Rogers and Bell. (Globe and Mail)

Talking point: In January, TeraGo said it would be the first Canadian operator to sell 5G technology, putting it ahead of the Big Three. Thursday’s news puts it even further ahead of the major telecoms. TeraGo is significantly smaller than the other carriers, with a market cap of $183 million and 200 employees, compared to Bell’s $40-billion cap and over 50,000 employees. If TeraGo is able to turn 5G wireless into a lucrative business, the bigger players could buy up those rights to reclaim some of the spectrum share they’ve now lost. TeraGo CEO Tony Ciciretto did not rule out selling to some of the larger players. The results of TeraGo’s trials and the 3,500 MHz auction coming up in 2020—when some of the newly reclaimed spectrum will be up for sale—is likely to determine which carriers, if any, are interested in making such a purchase.