Craig Wireless sells Canadian spectrum to Inukshuk for $80M

WINNIPEG and VANCOUVER – Craig Wireless has sold its spectrum in B.C. and Manitoba to Inukshuk Wireless Partnership for $80 million."This sale is very supportive of the Company's strategy to create value for shareholders through a portfolio of spectrum investments," said co-CEO Boyd Craig, in a statement.The Canadian spectrum licenses to be sold represent approximately one quarter of the company's total spectrum holdings. Following completion of the sale, which is subject to regulatory approval, Craig will continue to operate spectrum in the U.S., Greece, Norway, and New Zealand.Inukshuk, a partnership of affiliates of Rogers Communications and Bell Canada, also bought...