Vecima’s long-term spectrum holdings paying off
telecom | 01/20/2010 8:42 pm EST
Victoria-headquartered company Vecima Networks Inc. initiated a spectrum divestiture strategy last year, realizing significant profits from selling previously fallow spectrum.
The broadband equipment maker announced earlier this month that it had sold 6 per cent of its entire spectrum holdings for $2.3 million, a massive profit over the $32,500 it paid for the spectrum in a 2004 auction.
While a Vecima news release didn’t identify the licences it sold, or the buyer, Industry Canada documents indicate that, in December, Barrett Xplore Inc. bought three Ontario 50 MHz 3.5 GHz licences from Vecima.
Barrett confirmed that it paid $2.3 million for the licences, which cover Alliston, Kincardine and Barrie, Ont.
Surinder Kumar, president and CEO of Vecima, said in an
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