Cable / Telecom News

Look retains investment banker for possible sale

TORONTO and MONTREAL – Wireless video and data company Look Communications said today it has hired U.S. investment banking firm Greenhill & Company "to assist in the strategic repositioning of Look and to assist the company in maximizing shareholder value." Such a release containing such euphemisms are usually the kick-off to the sale of a company. Greenhill's web site says it is "focused on mergers and acquisitions, financial restructuring and merchant banking." Look, now owned by Unique Broadband Systems, has finished restructuring. "Look is uniquely positioned to take advantage of the exploding wireless communications market in Canada with its 92...