Craig Wireless branches out in New Zealand

RANCHO MIRAGE, CA – Craig Wireless is buying certain secured advances owed by Woosh Wireless Ltd.The USD$5.5 million deal includes the secured advances, shares and spectrum rights of the New Zealand- based wireless Internet provider."Craig Wireless is extremely pleased about this opportunity to further its reach into the New Zealand market", said CEO Boyd Craig, in the announcement. "Upon completion of the transaction and realization upon the Advances, Craig expects that it will: have expanded its spectrum holdings, have organized an operating wireless business that it believes is well positioned in the New Zealand market, recognize revenue and have in...