UBS poised to take charge of Look Communications; Craig shifts legal battle to Ontario
News | 10/31/2003 5:00 am EST
Unique Broadband Systems Inc. (UBS) appears to be winning the battle against Craig Wireless International Inc. for control of wireless cable operator Look Communications Inc., having received conditional approval from the CRTC last week to increase its stake in Look from 29.99% to 51.06%. But the battle against Craig Wireless International, which also wants control of Look, continues on the legal front to prevent UBS from gaining control of the wireless cableco. The legal action that it initiated in Manitoba has been discontinued, but Craig Wireless president Boyd Craig says that the case will be re-filed in Ontario.