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Craig Wireless acquires Teleglobe interest in Look Communications

News | 02/04/2003 5:00 am EST

Wireless cable and Internet company Craig Wireless International Inc. appears to have national ambitions as it significantly increased its ownership stake in Look Communications Inc. last month with the purchase of nearly 7.2 million Look shares (RoW, Jan. 20/03). Report on Wireless has learned that Craig bought those shares from Teleglobe Inc., a bankrupt international communications provider. Unique Broadband Systems Inc. and Telesystem Ltd., Charles Sirois’ private holding company, are Look’s two other major shareholders.

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