Craig Wireless secures broadband radio licenses for Victoria, Kelowna

WINNIPEG and VANCOUVER – Craig Wireless was granted broadband radio service licenses by Industry Canada for the Victoria and Kelowna regions of British Columbia.The company said Tuesday that issuance of the BRS licenses represents the satisfaction “of another significant condition to the completion” of the sale of its Canadian spectrum assets to Inukshuk Wireless Partnership.Upon the filing of an application to Industry Canada to transfer licenses to Inukshuk, the portion of sale proceeds payable by Inukshuk to Craig is $12.8 million of the aggregate sale proceeds of $80 million, $42.4 million of which it has already received.The amount remaining following...