LOOK COMMUNICATIONS AND INTERNET DIRECT EMERGE AS NEW TELECOM
By Adnews Staff
Look Communications Inc. and I.D. Internet Direct Ltd. have announced the creation of a new Canadian broadcast and Internet distribution company. The company, which will operate under the Look Communications banner, is the result of the recently completed merger between Look and I.D. The new company will combined Look's broadband Multipoint Distribution System with I.D.'s IP-based network and customer base to market high-speed data transmission services and offer one-stop-shop communications services. The new Look Communications company will be headed up by David Parkes as president and chief executive officer and Michael Cytrynbaum as chairman. Former shareholders of Look hold a 60 per cent stake in the new company with the other 40 per cent being held by I.D.'s former shareholders.