FOR IMMEDIATE RELEASE
July 21, 2008
Halifax, Nova Scotia - With the Advanced Wireless Spectrum (AWS) auction complete, Eastlink announced today it plans to build an advanced wireless network after securing wireless spectrum in Atlantic Canada, Northern and Southern Ontario and Grand Prairie. Eastlink currently owns and operates cable systems in these areas.
The auction, which commenced on May 27, 2008, was conducted by Industry Canada. One of the objectives of the auction was to foster greater competition and further innovation within the wireless industry.
"Eastlink's goal throughout the auction was to secure spectrum so we can serve our customers and launch a competitive mobile phone service. We were successful," said Lee Bragg, co-CEO Eastlink. "It is an exciting time as we prepare to enter a new line of business that enables us to be a full-service provider for both residential and business customers. We will finalize our plans on when the service will be available over the next couple months and hope to be in market within the next year."
In 1999, Eastlink entered the local telephone business and became the first cable company in Canada to launch a competitive telephone service. In 2000, the company launched communications and entertainment bundles and secured its position as a market leader.
Eastlink plans to build the most technologically advanced network that will be compatible with North American and Global standards. Bragg said, "Eastlink will be looking to launch next generation services that will allow customers to integrate their mobile phone with their home entertainment services. This will ensure our customers have access to the best and most advanced technology options available."
Eastlink will provide additional comments on the auction and its approach to the wireless business once the 30 day deadline for final payment on high bids has passed. This is in accordance with an Industry Canada directive.
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