TeraGo buys Mobilexchange for $5.7M

TORONTO – TeraGo is buying Mobilexchange Spectrum Inc. (MSI) and its parent holding company in a cash deal valued at $5.7 million.The data centre and connectivity services provider said Friday that the acquisition means that it will hold six 24 GHz spectrum licences totalling 960 MHz in Canada's six largest cities covering approximately 3.1 billion MHz-Pop. TeraGo added that it has already been using the spectrum licences to provide wireless internet services to its business customers through subordinate licences issued to it under an existing lease with MSI."Since 1999, TeraGo has invested in spectrum equipment and technology to provide a...