Craig Wireless goes public, plans acquisitions

WINNIPEG - Craig Wireless this week announced it has completed a $40 million private placement and that it has begin trading on the Toronto Stock Exchange. "Today marks an important new chapter for Craig Wireless," said Boyd Craig, president and CEO, Craig Wireless Systems. "The funds raised from this transaction will enable the company to build out its WiMAX networks, pursue acquisitions, and acquire new spectrum licenses in high-growth markets around the world. WiMAX technology enables fast, simple, portable and reliable Internet communications at a lower cost than traditional broadband. It is the future of connectivity." Boyd Craig is the...