Globalive acquires Telehop for $10.7 million

TORONTO - Canada's next national wireless carrier, Globalive Communications Corp., has purchased long-distance operator Telehop Communications Inc. for nearly $10.7 million.Globalive, which wound up with 30 licenses on Monday at the end of Industry Canada's wireless spectrum auction, will acquire all outstanding Telehop stock at 80 cents a share. The deal has the unanimous endorsement of Telehop's board but is still subject to the completion of due diligence by Globalive.Jaguar Financial Corp., had also shown interest in purchasing Telehop, but recently waived its commitment to purchasing the company for 50 cents per share."Telehop is a good company and we look...