Vecima subsidiary YourLink selling Saskatchewan spectrum to Inukshuk
By Anthony Capkun
November 21, 2010
Vecima Networks Inc.’s subsidiary, YourLink Inc., is selling its Saskatchewan 2.5-2.6 GHz spectrum to Inukshuk Wireless Partnership (a partnership between affiliates of Rogers Communications and Bell Canada) for $14 million. The licences to be sold represent about 7.5% of the Canadian spectrum owned by YourLink.
YourLink says it will ensure a smooth transition of its internet
customers to alternate spectra owned by YourLink, which will “open up
significantly higher capacity and bandwidth” for them. The agreement
allows YourLink continued use of the spectrum sold to Inukshuk for one
year after the agreement date.
YourLink currently provides video and broadband internet access to about
19,000 customers through digital wireless services in Saskatchewan and
several small cable TV systems in rural British Columbia. Following the
sale of the 2.5-2.6 GHz spectrum, YourLink will transition its wireless
video customers in Saskatchewan to alternate service providers. Current
revenue from video customers in Saskatchewan is only a minor part of
YourLink wireless revenues.
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