UBS acquires right to use Inukshuk spectrum
Unique Broadband Systems Inc. (UBS) has obtained the exclusive right to use 36 MHz of spectrum in the 2500 MHz frequency range held by Inukshuk Inc. Subject to regulatory approval, UBS will gain the rights to spectrum in Ontario, Quebec, Alberta and British Columbia. UBS Wireless Services Inc., a subsidiary of the Concord ON-based company, will initially provide high-speed wireless Internet access in those four provinces.
“With our technology and the exclusive right to this use this spectrum, we can provide an affordable alternative where services are currently offered by other providers and fill any voids in the underserved markets with a cost-effective service offering,” UBS chair and CEO Gerald McGoey said in a news release.
UBS appears to be expanding rapidly into the service provision business following its purchase of a 20% stake in struggling wireless Internet and cable provider Look Communications Inc. earlier this year (RoW, Jan. 20/03).