Look sells spectrum, mobile license, to Bell and Rogers

TORONTO and MONTREAL - Look Communications is selling its spectrum and broadcast license for $80 million in cash to Bell Canada and Rogers Communications, through their joint venture Inukshuk Wireless Partnership. Under the agreement, Inukshuk will buy Look's 92 MHz of contiguous licensed spectrum in Ontario and Quebec covering approximately 18 million people and 1.8 billion MHz/Pops, plus its mobile broadcast license which has been renewed by the CRTC through August 2011. "We have long believed that our assets held value given the promise of mobile broadband. That promise is becoming a reality for Canadian businesses and consumers, both of whom...