Wireless2net Declares a Bid in the Canadian 3G PCS Spectrum Auction
itemus and Wispra back strategic initiative to leverage wireless
Internet environment
MONTREAL, Nov. 15 /CNW/ - Wireless2net Inc. has submitted a formal
application to Industry Canada to enter the Third Generation Personal
Communications Services (3G PCS), 2GHz Spectrum Auction in January 2001.
Wireless2net's application, through wholly owned subsidiary W2N, included a
bid deposit of $112.7 million in the form of a letter of credit as required by
Industry Canada to bid on 20 MHz of PCS spectrum nationwide in Canada.
Wireless2net Inc. is majority owned by Wispra Inc., with a significant
minority stake owned by itemus inc. (TSE:ITM, OTCBB:ITMUF)
"3G PCS was built to exploit the exciting personal and business
applications that will be rolling out over the next couple of years," said
Chris Scatliff, Chairman of the Board for Wireless2net and W2N. "itemus has
focused its business model on developing 'next generation' mobile business and
rich media technologies that will make 3G wireless an unparalleled experience.
Wireless2net's prospective 3G wireless network will perfectly complement
itemus' Internet Operating model".
Winning spectrum in the Canadian PCS auction sets the stage for W2N to
introduce 3G PCS to Canadian businesses. W2N intends to combine 3G wireless
technology with network services, portal services and WISP (Wireless Internet
Service Provider) services that ensure a new level of convenient, rich and
effective mobile commerce.
"W2N is positioned to win PCS spectrum and implement emerging wireless
Internet services on new 3G network technology in Canada," stated Joe Church,
President, and CEO of both Wireless2net and W2N, and founder of Wispra.
"Canadians will benefit from our world class services while the
telecommunications industry itself will benefit as it takes Canadian 3G
technology to the enormous worldwide wireless Internet market."
About the Industry Canada PCS Spectrum auction
For more information on the PCS auction, please visit
<http://strategis.ic.gc.ca/SSG/sf02076e.html>
About Wireless2net and W2N Inc.
Wireless2net Inc. is jointly owned by Wispra Inc., and itemus inc. W2N is
a wholly owned subsidiary of Wireless2net Inc. W2N will provide innovative
wireless services to businesses and consumers that combine the rapidly
advancing technologies of wireless telecommunications and the Internet.
Wireless2net has already participated in the public consultation process by
Industry Canada concerning the forthcoming auction of PCS spectrum.
About Wispra Inc.
Wispra Inc., a Canadian wireless telecommunications company, has been on
the forefront of the evolution of wireless in Canada. Last year, Wispra
Networks, a joint venture with TD Capital Group Ltd. and XO Communications,
Inc., won 24 GHz radio licenses in the top six metropolitan areas of Canada in
Canada's first spectrum auction. Wispra's founder, as Chairman and President
of LanSer Wireless, was an applicant for PCS spectrum in 1995. Please visit
the company's Web site at www.wispra.com <http://www.wispra.com>.
About itemus
itemus inc. is an Internet Operating Company that seeks to close the gap
between Fortune 2000 companies desiring Internet advantage and entrepreneurial
initiatives needing validation and revenue support. It focuses operating and
investing efforts in the three areas comprising the next generation Internet:
broadband, wireless and collaborative commerce. For more information, please
visit the company's Web site at www.itemus.com <http://www.itemus.com>.
%SEDAR: 00001839EB
-30-
For further information: Wireless2net, W2N and Wispra: Dominique
Gauthier, Communications, (514) 747-3098 or dgauthier@wireless2net.com <mailto:dgauthier@wireless2net.com>;
itemus Investors: Susan Wilson, Investor Relations, 1-888-894-9911 or
investors@itemus.com <mailto:investors@itemus.com>; itemus Media Relations: Rob Ireland, Practice
Manager, Cohn & Wolfe at (416) 924-5700 x. 4054, or
Rob_Ireland@ca.cohnwolfe.com <mailto:Rob_Ireland@ca.cohnwolfe.com> |
