Aw 'shuks': YourLink hands 2.6GHz Saskatchewan spectrum to Bell/Rogers venture

18 Nov 2010

YourLink, a subsidiary of Vecima Networks, has agreed to sell its 2.5GHz-2.6GHz wireless broadband spectrum covering the province of Saskatchewan to Inukshuk Wireless, the WiMAX joint venture of Rogers Communications and Bell Canada, for CAD14 million (USD13.7 million). The transaction is subject to regulatory approvals, and is expected to close in several phases as those approvals are received. The licences to be sold represent approximately 7.5% of the Canadian spectrum owned by YourLink. The agreement allows YourLink continued use of the spectrum sold to Inukshuk for one year after the agreement date. YourLink currently provides video and broadband internet access to approximately 19,000 customers through digital wireless services in Saskatchewan and several small cable TV systems in rural British Columbia. Following the sale of the 2.5GHz-2.6GHz spectrum, YourLink will transition its wireless video customers in Saskatchewan to alternate service providers. Vecima estimated the market value of YourLink’s total spectrum holdings before the sale to be in the range of CAD35 million to CAD50 million.