Vecima sued by Inukshuk for sale of radio spectrum

VICTORIA - Vecima Networks announced it has been named as a defendant in legal proceedings filed in the Supreme Court of Ontario by Inukshuk Wireless Partnership. Inukshuk, alleges in the legal proceedings that an agreement existed for Vecima to sell to Inukshuk certain radio spectrum and that Vecima did not comply with that agreement. In the legal proceedings, Inukshuk is seeking, among other things, an order requiring Vecima to sell the radio spectrum to Inukshuk, an injunction preventing Vecima from selling the radio spectrum to any other person, and monetary damages. Vecima believes the legal proceedings are without merit and...