EDMONTON - Industry Minister Jim Prentice says the federal government has yet to decide what to do with a $4.25-billion windfall from the just-completed wireless spectrum auction.

He says Finance Minister Jim Flaherty has indicated that paying down the national debt and reducing taxes are Ottawa's priorities.

Prentice says the sale of 105 megahertz of wireless spectrum was a tremendous success and will change the country's cellphone industry forever.

He says the auction was conducted to create more competition in the cellphone industry so that services to Canadians will improve and costs will come down.

Companies that bought spectrum are likely to put it to use and not hoard it, says Prentice, because the licences only cover a 10-year period.

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