Cable / Telecom News

Look to puts self on the block

TORONTO and MONTREAL – Look Communications has obtained permission from the Ontario Superior Court of Justice to hold a shareholders meeting to approve a plan to permit the sale of some or all of its key assets, it was announced today.Look’s key assets include approximately 100MHz of contiguous licensed spectrum in Ontario and Quebec covering approximately 18 million people; a mobile broadcast license which has been renewed by the CRTC to August 2011; approximately 30,000 broadcast and Internet subscribers; two network operating centers (Toronto and Montreal) plus 26 one-way broadcast sites and 10 two-way broadcast sites; and approximately $300 million...