WIC BUYS MORE OF CANCOM
By Adnews Staff
Vancouver-based WIC Western International Communications has increased its stake in Canadian Satellite Communications to 54% and plans to buy additional shares in the future. The shares were acquired for investment purposes. WIC is a broadcasting and communications company operating two divisions: broadcasting and delivery. The broadcast division manages nine TV and 12 radio stations, as well as pay-per-view and subscription TV services. The delivery division is comprised of WIC's majority ownership in Cancom and WIC Connexus, a wireless communications division developing the Local Multipoint Communications System.
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