Wireless newcomer BMV inks $50 million investment deal

TORONTO – The Ontario Municipal Employees Retirement System (OMERS) will invest up to $50 million in new wireless company BMV Holdings. BMV was created last July following its purchase in Industry Canada's wireless spectrum auction of PCS G Band, which covers almost 19 million Canadians in the Windsor to Quebec City corridor across Ontario and Quebec. "BMV and its investors made an astute purchase in Industry Canada's wireless spectrum auction last summer and we believe the company has great potential in the Canadian wireless market," said Paul Renaud, president and CEO of OMERS Private Equity. BMV announced plans to launch...