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Look Communications gets much-needed reprieve, seven days to find money

News | 08/07/2001 4:00 am EDT

Wireless cable operator Look Communications Inc scored a minor victory last week in its ongoing battle to remain in business. The Milton ON-based firm received a seven-day extension from the Bank of Montreal and the Bank of Nova Scotia on loan payments in order to come up with a new business plan and new financing. The extension allows Look to continue discussions with the banks and its two principal investors, Charles Sirois’ holding company Telesystem Ltd and Montreal-based BCE Inc.

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