This came out on Sept. 2.
I.D. Internet Direct Ltd IDX
Shares issued 34,929,900 Sep 1 close $5.05
Thu 2 Sept 99 News Release
Also Microcell Telecommunications Inc (MTI.B)
Mr. Gordie Campbell reports
Microcell Telecommunications, I.D. Internet Direct and Look Communications
Inc., which offers digital wireless entertainment services in Quebec and
Ontario, are creating a new company that will participate in Industry
Canada's licensing process for multipoint communications systems in the
2500 MHz range. The new company, Inukshuk Internet Inc., will be dedicated
to connecting Canadians across a state-of-the-art Internet protocol access
network.
On June 12, 1999, Industry Canada issued a call for MCS licence
applications. MCS networks can deliver new high-speed broadband services,
such as Internet, data, voice, multimedia and broadcasting. A critical part
of the licence application will be the design of learning plans, created in
close collaboration with designated learning authorities across the
country, to optimize the potential of MCS technology and provide Canadians
with lifelong learning opportunities.
"The strengths of Microcell, Look and I.D. Internet Direct are extremely
complementary," explained Andre Tremblay, chairman, president and chief
executive officer of Microcell. "Our respective networks and technologies
complement and enhance one another. With the creation of Inukshuk, we are
in a position to offer superior product and service packages to consumers.
In line with the licensing policy, we will work to develop learning plans,
aligned to regional educational priorities, that offer Canadians new tools
to acquire skills and knowledge," concluded Mr. Tremblay.
"Look, I.D. Internet Direct and Microcell have already contributed to a
number of initiatives that advance the knowledge economy in Canada," said
Guthrie Stewart, president and chief executive officer of Look
Communications Inc. "Our combined track records show a strong commitment to
bringing new applications, products and services to market, while promoting
innovation and research. We are already in the business of connecting
Canadians and intend to expand that business in a significant way," added
Mr. Stewart.
The Inukshuk is a stone monument in the shape of a man, traditionally used
by the Inuit to provide direction to travellers across the North. Michael
Cytrynbaum, chairman of I.D. Internet Direct, stated: "We chose the name
because it symbolizes our own commitment. Just as the first Inukshuk
offered guidance across the vast territory of the North, Inukshuk Internet
will serve to provide Canadians with guidance and navigational tools across
new and unexplored territory, that of cyberspace."
Look Communications is a new competitor in the distribution of digital
television services and high-speed Internet access. Look currently provides
its services in Quebec and Ontario through a proven digital wireless
technology known as multipoint distribution systems in the 2500 MHz range,
commonly called wireless cable. The Canadian Radio-television and
Telecommunications Commission awarded Look Communications a broadcast
distribution licence for Southern Ontario in August of 1997, and for
Eastern Ontario and Quebec in February of 1998. The principal shareholders
of Look Communications include Telesystem Ltd., Teleglobe Inc., CTV Inc.,
Covington Wireless Communications (Ontario) Ltd. and GTC Transcontinental
Group Ltd.
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