Vecima Networks announces $8 million sale of wireless spectrum

VICTORIA, BC - Vecima Networks Inc. has announced that its subsidiary YourLink Inc. is selling a portion of its wireless spectrum assets in the 3.5 GHz band to a Canadian wireless service provider. The purchasing company was not named in the Vecima press release.The deal is structured in phases, the first phase includes the purchase of 16 licenses, predominantly in Alberta and Ontario for a purchase price of $8 million. Following the Phase 1 closing, the purchaser will have paid for the option to purchase an additional 20 spectrum licenses in a second phase for a purchase price of up...