Will successful bidders pay for their licences in a lump-sum payment or in instalment payments?
Winning bidders will be required to pay for their licences up front. In the 24 and 38 GHz consultation paper, released in August 1998, Industry Canada proposed that winning bids be paid in full shortly after the close of an auction, as opposed to using an instalment payment scheme. This proposal was supported in the comments received. Successful bidders will be required to pay 20 per cent of their winning bids within 10 business days of the auction’s close and the remaining 80 per cent within 30 business days of the auction’s close.
Related Questions
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- Will successful bidders pay for their licences in a lump-sum payment or in instalment payments?
- Will successful bidders pay for their licences in lump-sum or installment payments?
