TORONTO, March 31 /CNW/ - Data & Audio-Visual Enterprises Wireless ("DAVE
Wireless") confirmed today that it has been approved by Industry Canada as an
"eligible bidder" and able to participate in Canada's wireless spectrum
auction set to begin May 27, 2008.
"We are excited to participate in this auction. We strongly believe that
Canadian consumers deserve the best and most innovative wireless technology,"
said John Bitove, Chairman of DAVE Wireless. "We look forward to competing in
the AWS auction and to building a new wireless provider that will meet
Canada's rapidly evolving wireless communications needs."
DAVE Wireless is a partnership between an investment vehicle controlled
by John Bitove; Quadrangle Group, a New York-based private investment firm
with over $6 billion in assets under management; and Vulcan Capital,
headquartered in Seattle, Washington. Vulcan Capital serves as the investment
arm of Vulcan Inc., the organization founded by Paul G. Allen, co-founder of
Microsoft, in its bid to participate in the upcoming spectrum auction.
DAVE Wireless does not intend to provide further comment on its
application until the wireless spectrum auction is complete.
For further information:
For further information: Media: Wilcox Group, (416) 203-6666,