New wireless entrant BMV Holdings Names Former Bell Mobility President as CEO



    
    Company Plans Network Launch of Affordable Wireless Services in Ontario,
    Quebec in Q3 of 2009
    

    TORONTO, Oct. 30 /CNW/ - BMV Holdings announced today it has appointed
veteran telecom executive and former Bell Mobility President Alek Krstajic as
Chief Executive Officer to lead its introduction of wireless services in
Ontario and Quebec in 2009.
    BMV plans to build a wireless network in both provinces that will provide
unlimited talk and text offerings at an industry-leading price point using
flat-rate plans. Providing consumer-friendly service and a predictable monthly
bill, BMV will make wireless services affordable to the large underserved
population of Canada. "I came to BMV because we have a tremendous and exciting
opportunity to create a unique product and brand in the Canadian wireless
market," says Krstajic. "I've agreed to take the role of CEO because the
investors in BMV understand the wireless sector and together we can create a
wireless solution that will target an untapped, value-conscious, no-frills
market."
    Krstajic spent more than nine years at Rogers Cable, holding a variety of
positions, including General Manager of Rogers@Home and Senior Vice-President
of Sales and Marketing. He joined Bell Canada as Chief Marketing Officer in
2003 and was named President of Bell Mobility in 2005. At Bell Mobility,
Krstajic was responsible for engaging a market leadership turnaround of the
wireless company. He followed that with an entrepreneurial undertaking,
creating Bell Vanguard Inc., which he developed until December 31, 2006.
Vanguard was responsible for creating a low-cost operating model for BCE Inc.
and exploring international opportunities in wireless and VoIP.
    BMV was created in July following its purchase in Industry Canada's
wireless spectrum auction of PCS G Band covering almost 19-million Canadians
in the Windsor to Quebec City corridor across Ontario and Quebec. The G Band
spectrum is an extension of the existing PCS spectrum in the 1.9 GHz range and
shares the same characteristics as that currently used by wireless carriers
across North America. At a price of only $52 million, the PCS G Band spectrum
will enable BMV to deliver a cost-efficient consumer wireless offering to
underserved Canadians. BMV anticipates launching services in Ontario and
Quebec in the third quarter of 2009.
    Investors in the company include Columbia Capital and M/C Venture
Partners, premier venture capital franchises in wireless, broadband, and
media; Charles River Ventures, which invests in businesses in the
communications, technology, and software and services sectors; Rho Ventures, a
company that invests in leading-edge developments; and Ignition Partners,
which invests in high-growth businesses in communications, Internet, software
and services. BMV's Canadian partners include Rho Canada, a venture capital
firm based in Montreal that is dedicated to backing early-stage technology
companies in Canada, and Toronto-based Kensington Capital Partners, which is
Canada's leading independent private equity fund of funds manager.
    "Alek's experience, entrepreneurialism, and insight into the wireless
market in Canada make him the ideal CEO," says Harry Hopper, a Managing
Partner at Columbia Capital. Brian Clark, a General Partner at M/C Venture
Partners adds, "Alek's knowledge of the Canadian wireless sector and deep
understanding of the incumbent competitors makes him a perfect fit for the
role of CEO as we launch this company and establish it as a viable alternative
for customers."
    BMV is in talks with multiple vendors to provide the equipment and
support services necessary to deploy an efficient and cost-effective wireless
service. Qualcomm Inc., the industry-leading chipset maker for handheld
phones, has incorporated support for the PCS G Band spectrum in its standard
chipsets for leading U.S. carriers. This technology can be readily applied to
handsets in the Canadian market. "Qualcomm's comprehensive product portfolio
includes innovative products that support nearly every frequency band in the
world allocated for cellular data services," said Steve Brown, Senior Director
of Product Management for Qualcomm CDMA Technologies. "G Band spectrum
represents exciting new opportunities for consumer wireless services. Qualcomm
is happy to support BMV's efforts to help commercialize devices operating in
these frequencies."
    Additionally, Nortel Networks Inc., a leader in developing equipment and
infrastructure for wireless networks, says a sustainable, cost-effective
network can be deployed to support G Band spectrum.
    "Nortel supports an industry-leading wireless solution for the PCS G Band
Spectrum for delivering advanced voice, data and multimedia services, and this
competitive solution will help any new wireless entrant such as BMV establish
a viable, reliable and profitable business," said Richard Lowe, President of
Nortel's Carrier Networks division.





For further information:

For further information: Robert Thompson, BMV Holdings, (416) 995-2024

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