Globalive set to become a major wireless carrier in Canada
TORONTO, July 21 /CNW/ - Globalive Wireless Management Corp. is pleased
to announce that it has provisionally won spectrum in Industry Canada's
Advanced Wireless Services Spectrum Auction across Canada (excluding Quebec)
with an investment of over $442 million. With this victory, Globalive has set
the stage to become a major presence in the Canadian telecom market.
"This is an historic event for wireless users across the country," said
Anthony Lacavera, Chairman and Chief Executive Officer of Globalive
Communications Corp. "It marks a new era of choice in Canada's wireless world.
At Globalive, we have earned a track record of innovation; that's exactly what
Canadians can expect from us when we announce our wireless offerings."
The auction, which began May 27, 2008 and concluded earlier today, was
initiated by the federal government to increase competition in Canada's
wireless market. The reasons that led to the auction include:
- Higher prices - Canadians pay an average of 60% more for mobile
wireless services than Americans according to the Telecommunications
Policy Review Panel (Final Report, March 22, 2006).
- Fewer services - Canadians are missing out on high-tech mobile
services. These services are becoming an integral part of modern
business life (such as lightning fast internet connections,
video-conferencing, video and TV streaming, and interactive
application sharing) are not being introduced in Canada at the same
rate as the rest of the world.
- Low penetration - Only 58% of Canadians have a wireless device, such
as a mobile phone, compared to the United States where more than 77%
have a wireless device. Other industrialized countries, such as the
United Kingdom and Hong Kong, have wireless device penetration of over
100% (The Economist's Pocket World in Figures, 2007 edition).
Globalive Wireless Management Corp., which was formed to participate in
the auction, includes a leading international wireless operator in Orascom
Telecom Holding S.A.E.
"The domestic knowledge of Globalive, combined with the worldwide
wireless expertise of Orascom Telecom, will allow us to bring the best
practices in wireless to Canada," said Michael O'Connor, Vice-President,
Globalive Wireless Management Corp.
Globalive Communications Corp., based in Toronto, Ontario, Canada, has
grown rapidly to become a leading provider of next generation
telecommunications solutions globally. Globalive develops and delivers
innovative applications and first-rate tailored telecommunications services to
a wide range of clients in the consumer, enterprise and hospitality segments
worldwide. Globalive services over one million customers with brands such as
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