Cable & Telecom

Look announces reorganization plan

TORONTO and MONTREAL – Wireless internet and video provider Look Communications announced today that its board of directors has approved a reorganization plan which, among other things, allows for the establishment and maintenance of the corporation's deferred tax assets. The plan involves the transfer of certain assets to a 100% controlled entity in order to establish and maintain approximately $310 million of its non-capital losses. As a result of this plan, the sale by the corporation of any or all of its major assets would result in any proceeds to the corporation of up to approximately $620 million being received...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.