Telesat hire financial advisers for $7 Billion sale (Canada)

On 11.22.10, In Mobile, By Editor

If sources are to be believed, Canadian satellite firm Telesat Holdings Inc. hired three financial advisers to help sell the company for $6 billion to $7 billion.

According to sources, closely held Telesat brought in JPMorgan Chase & Co., Morgan Stanley and Credit Suisse Group AG on Nov. 17 to start a formal sales process and offer so-called staple financing to interested buyers.

As per sources, while an auction hasn’t officially begun, Ottawa-based Telesat has been approached by Intelsat SA. Intelsat, owned by private-equity funds BC Partners Ltd. and Silver Lake, has hired Bank of America Corp. as an adviser and may name others to pursue a bid.

Telesat is co-owned by New York-based Loral Space & Communications Inc. and Canada’s Public Sector Pension Investment Board. Telesat calls itself the world’s fourth- largest satellite company.

Sources added that the sale may fetch 8.5 times to 9.5 times Telesat’s projected earnings before interest, taxes, depreciation and amortization of about $700 million next year. Telesat is being advised by JPMorgan, while Loral, a designer and maker of satellites, is working with Credit Suisse and the pension fund is being represented by Morgan Stanley.

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MTS inks 3-year contract with Mobilicity

On 11.02.10, In Mobile, By Editor

MANITOBA Telecom Services’ Allstream has signed a three-year contract with Mobilicity, Canada’s unlimited 3.5G mobile operator. Allstream is the preferred telecom provider for Mobilicity for Ethernet back-haul services. The new carrier’s unlimited zones in Toronto, Ottawa, Edmonton, Calgary and Vancouver will leverage Allstream’s industry-leading IP Network.

According to Dean Prevost, President, Allstream, Allstream is pleased to continue its relationship with Mobilicity and provide its customers with reliable IP connectivity. Allstream has built a very successful business relationship with Mobilicity and has a solid understanding of the company and its business needs.

Allstream provides a wide range of Ethernet Network Services that work over its IP Network and have the ability to evolve in order to support the changing needs of its customers. Allstream’s Ethernet service will allow each of Mobilicity’s various locations to stay connected, reducing infrastructure costs and improving business flexibility.

According to Mobilicity’s Vice President of Network Operations Sharyn Gravelle, by leveraging Allstream’s strong and stable IP backbone network, the company is ensuring its customers receive a superior mobile experience. It has worked with the Allstream team in the past and considers them to be a valued partner.

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Mobilicity gets CRTC approval to launch in Canada

On 05.10.10, In Mobile, By Editor

www.WirelessFederation.com/news: Canadian Radio-television and Telecommunications Commission has given green signal to -Mobilicity (DAVE Wireless) to operate as a telecommunications carrier. Mobilicity has announced its launch in Toronto this week and Vancouver, Edmonton, Calgary and Ottawa will witness the roll out subsequently.

According to Mobilicity Chairman John Bitove, the company has been given the approval to offer Canadians truly competitive wireless services and the company wants to thank the CRTC for its insightful handling of its application and let consumers know that Mobilicity will be bringing simplicity and value to Canadian wireless customers very soon.

License handed over to Mobilicity gives it the permission to cover more than half of Canada’s population in 10 of the 13 largest markets including Toronto, Vancouver, Calgary, Edmonton and Ottawa.

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Mobilicity contracts Ericsson for network management (Canada)

On 04.28.10, In Mobile, By Editor

www.WirelessFederation.com/news: Swedish technology provider Ericsson has been chosen by Canadian start-up cellco Mobilicity (formerly DAVE Wireless) to manage its new 3G network under a five-year contract. This network outsourcing deal is Ericsson’s first deal in Canada and allows it to focus on marketing, leaving day-to-day operations to Ericsson.

Ericsson was previously selected by Mobilicity to design and build its 3G network, and the latter now plans to launch commercial mobile services in Toronto this spring, followed by expansion to Vancouver, Calgary, Edmonton and Ottawa.
Field maintenance in Mobilicity’s urban network and front-and-back-office operations of the company will be looked after by Ericsson. Mobilicity holds licences covering ten of Canada’s largest urban markets and more than half of the country’s population.

Obelysk, a diversified Canadian holding company, and Quadrangle Capital Partners, a global investor in the telecoms and media sectors are its financial supporters.

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Mobilicity brand unveiled by Dave Wireless in Toronto

On 02.04.10, In Mobile, By Editor

www.WirelessFederation.com/news: The planned service launch this spring by Canadian operator Dave Wireless in Toronto has been named as Mobilicity, based on its focus on simplicity, for city-based customers.

Simple, unlimited plans with handsets from the likes of RIM and Nokia will be offered by Mobilicity with no minimum contract terms.

A design firm Verse Group created the corporate identity and the service will roll out in Vancouver, Edmonton, Calgary and Ottawa later this year.

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Wireless Global Directory Launched

On 08.15.06, In Mobile, By Editor

The Wireless Industry Partnership (WIP) launched its online portal Tuesday to connect wireless companies and venture capitalists to speed development of mobile technology.

The partnership, which has 148 members, 25 developers and 12 VCs, connects clients via the WIPConnector directory and its e-mail component.

WIP Chief Executive Officer Caroline Lewko said the directory will leverage the patchwork wireless industry, which, according to Insight Research Corporation’s 2006 Telecommunications Industry Review, will reach US$1 trillion by 2010.

“The wireless industry continues to be highly segmented, dealing with disparate technologies, platforms and operating systems, a variety of regulatory environments, a lack of standards and a host of other issues,” Lewko said.

“Each part of the wireless industry value chain-from ideas, to developers, to venture capital-and distribution channels are represented, with members including large companies such as Ericsson, Navteq and Nortel and many smaller startups.

“WIP links developers to programs for technical information and support for the creation of new applications, provides a directory for members to quickly identify and contact the right people to network such as those developing technologies within specific market niches, and allows access to market intelligence and directory of industry groups and organizations.”

WIP’s membership outside Australia extends across Canada, America, India, Ukraine, the United Kingdom, Germany and Spain with its partner network including the MX Alliance in Scotland, the Ottawa Wireless Cluster, and the Wireless Innovation Network of British Columbia.

Gary Hewett, chief software architect at WIP member Technical Magic, said the directory increases the company’s global visibility.

Source- http://www.cio.com

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