Craig Wireless sells Canadian operations
Canadian telecoms provider Craig Wireless Systems announced on Friday March 26 that its operating subsidiaries in Canada have entered into a definitive agreement for the sale of its Canadian spectrum assets to Inukshuk Wireless Partnership.
Inukshuk…
Canadian telecoms provider Craig Wireless Systems announced on Friday March 26 that its operating subsidiaries in Canada have entered into a definitive agreement for the sale of its Canadian spectrum assets to Inukshuk Wireless Partnership.
Inukshuk Wireless Partnership, a joint venture of affiliates of Rogers Communications and Bell Canada, will upon completion of certain conditions pay Craig C$80m (US$78m) for all of the company’s spectrum licences in the Canadian regions of Manitoba and British Columbia.
Craig Wireless stated that the Canadian licences it is selling off represent approximately a quarter of its total spectrum holdings. Following the sale, Craig holds spectrum in the US, Norway and Greece.
The deal still needs regulatory clearance.
