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The opinions expressed in this editorial are those of the author and do not necessarily reflect those of Decima Reports.
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Jamie Hill will become CEO of iWave.com pending his acquisition of the company for $234,000. Cindy Burton will remain in her position as president. Hill founded Charlottetown-based On-Line Support Inc and has experience with an array of companies including Arthur Andersen.
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Itemus fails to win Toronto PCS licence
W2N Inc, 20 per cent owned by new media incubator itemus inc, was an aggressive bidder in Canada’s first auction for PCS spectrum blocks, but failed in its bid to win a single licence in southern Ontario. W2N was one of seven original bidders vying for the coveted licences, but lost the GTA properties to Rogers Wireless, Bell Mobility, and Telus.
The company was successful in winning three licences: in eastern Quebec, Alberta and the former Telus licences in British Columbia. In total, the company is on the hook for $11.39 million for those bands.
Itemus president Jim Tobin scoffed late last year at analyst estimates that the auction could ultimately reach $1.5 billion in total bids. At the end of the auction last Thursday, the government netted $1.48 billion after 50 rounds of bidding in 14 days.
While sketchy with details, Tobin indicated that it was the company’s intent to win spectrum to guarantee a platform for a range of new wireless applications being developed by itemus member companies. It’s uncertain that, without a licence in the heavily populated southern Ontario region, those plans can proceed.
The other winners included Bell Mobility, which spent $720.5 million for 20 licences across the country, Rogers Wireless, which spent $393.5 million for 23 licences, and Telus which spent $355.9 million to buy five licences.
Microcell Telecommunications left the bidding mid-way through the auction when prices rose too high, as did a Sprint Corp-backed company when bidding in Toronto reached $100 million per licence.
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| A global survey of digital media reveals that Canada and Australia provide more federal funding and support for content development than other countries, particularly the United States and Europe. Released last month by the Multimediator Strategy Group Inc, the first-of-its-kind survey was compiled for the Ontario Ministry of Energy Science and Technology (MEST), which wanted to compare private and public support for digital interactive industries in other countries.
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 TRIALTwo weeks free access to thewirereport.ca and our exlusive newsletters. SUBSCRIBEUnlimited access to thewirereport.ca and our exlusive newsletters. Advertisers commited to buying web space, but models not yet understood
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