Unique Broadband takes minority stake in Look; seeks out future agreements
News | August 19, 2002
Unique Broadband Systems Inc., a maker of OFDM-based wireless modems, is investing $5 million in struggling wireless cable and high-speed Internet provider Look Communications Inc. as part of its strategy to gain better access to recurring revenue. In return for the significant investment, the two companies have signed a $2.4-million equipment supply agreement. The length of the supply deal won’t be known until the investment agreement is completed, which is expected within the next month. This content is available to wirereport.ca subscribers Already a subscriber? Sign in here Unlock all the Canadian telecom, broadcasting and digital media news you need.Take a free trial or subscribe to The Wire Report now. FREE TRIALTwo weeks of free access to thewirereport.ca and our exclusive newsletters. SUBSCRIBEUnlimited access to thewirereport.ca and our exlusive newsletters. |