Home Page News Briefs People Media Telecom Archives About Us GET FREE NEWS UPDATES
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers

CNM Short Takes

News | 06/14/2000 4:00 am EDT

WSi sells wireless stake
WSi Interactive Corp, which currently holds a 40% stake in Ariel Wireless Technologies Inc, is swapping its shares for six million shares of Petra Resource Corp. On completion of the deal, Ariel will become a wholly owned subsidiary of Petra. Theo Sanidas, WSi's president, will become a director of Petra on closing. Ariel's main asset is a worldwide, non-exclusive OEM agreement with a "leading European provider of wired and wireless communication hardware and software products" which overcome last-mile hurdles using RF components in the unlicensed 2.4 GHz frequency. WSi is a Vancouver-based incubator of content and infrastructure startups.

This content is available to wirereport.ca subscribers

Already a subscriber? Sign in here

Unlock all the Canadian telecom, broadcasting and digital media news you need.

Take a free trial or subscribe to The Wire Report now.

FREE TRIAL

Two weeks free access to thewirereport.ca and our exlusive newsletters.

Register for free

* Required

SUBSCRIBE

Unlimited access to thewirereport.ca and our exlusive newsletters.

Continue

* Required

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com