Cogeco Communications Inc. announced that it will invest $295 million to acquire 38 spectrum licences secured in the 3500 MHz band auction. This investment is another step toward Cogeco Communications offering mobile wireless services. The $295 million Cogeco Communications will be investing includes $205 million to acquire 30 MHz of spectrum in the Greater Toronto area, a region which represents approximately 33% of the Corporation's wireline broadband footprint in Ontario. The balance of the investment will cover spectrum in several other Ontario regions, as well as the region of Trois-Rivières in Québec.