TEE-COM'S CREDIT LINE UNDER REVIEW
By Adnews Staff
The line of credit for Tee-Comm Electronics Inc. of Milton, Ont. is being reviewed by the Bank of Montreal. Tee-Comm is the operator of AlphaStar Canada, the first direct-to-home satellite television network in the country. On Saturday Tee-Comm is due to make $5 million in interest payments to debt holders. If the company cannot secure credit from the bank or other financiers, it faces the possibility of defaulting on the interest payments. AlphaStar has 6,000 subscribers in Canada. The Quarry Group of Kitchener, Ont. handles the service's advertising.
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