New Canadian Operator Granted License and Spectrum

Canada's new entrant wireless network operator, Globalive Wireless has been officially granted its spectrum license from Industry Canada and has received the corresponding spectrum. Globalive Wireless participated in Industry Canada's AWS Spectrum Auction in May 2008, purchasing CDN$442 Million in provisional spectrum. Following a standard review period, Globalive has been granted its license, having met the eligibility requirements specified by Industry Canada to become a spectrum licensee.

Egypt's Orascom Telecom Holding (OTH) has a 65 per cent indirect equity ownership in the company.

Globalive Wireless expects to launch its network to consumers in the fourth quarter of 2009.

Naguib Sawiris, Chairman and CEO of OTH commented: "We are very happy that Globalive Wireless has received the final approval from Industry Canada. We are confident that the new operator will bring a wider choice and increased quality of service to Canadians. As an investor in Globalive Wireless, OTH will provide its extensive expertise in launching and supporting new mobile ventures. I am truly excited about this new operation which we will develop in line with our strategy of investing in high growth countries which provide superior returns to our shareholders."

Posted to the site on 16th March 2009