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Wireless upstart BMV gets $50-million investment

Briefs | 01/08/2009 1:57 pm EST

BMV Holdings has received an infusion of $50 million from the private equity arm of the Ontario Municipal Employees Retirement System. The money will go a long way in helping the upstart wireless company, which purchased 10 MHz of G-band spectrum in Ontario and Quebec, in launching a low-cost offering with flat-rate billing in the third quarter of this year.

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