Vecima Sells Off Wireless Spectrum

Vecima Networks' (www.vecima.com) subsidiary YourLink (www.yourlink.ca) entered into a definitive agreement for the sale of its Saskatchewan 2.5-2.6 GHz spectrum to Inukshuk Wireless Partnership, a partnership of affiliates of Rogers Communications and Bell Cana...

Vecima Networks' (www.vecima.com) subsidiary YourLink (www.yourlink.ca) entered into a definitive agreement for the sale of its Saskatchewan 2.5-2.6 GHz spectrum to Inukshuk Wireless Partnership, a partnership of affiliates of Rogers Communications and Bell Canada, for $14 million. The transaction is subject to customary conditions including the receipt of all requisite regulatory approvals, and is expected to close in several phases as those approvals are received. The licenses to be sold represent approximately 7.5% of the Canadian spectrum owned by YourLink.
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