Cancom -- Members of RegionalVision Consortium Pleased with Results of Industry Canada's Wireless Telecommunications License Allocation.MONTREAL--(BUSINESS WIRE)--Oct. 29, 1996--Canadian Satellite C (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME SAT.) The four partners of the RegionalVision consortium are delighted that Industry Canada Industry Canada is the department of the Government of Canada with responsibility for regional economic development, investment, and innovation/research and development. The department employs 6104 FTEs across Canada. has approved its request for a licence to deliver new wireless telecommunications systems called LMCS LMCS Local Multipoint Communication Systems LMCS Lockheed Martin Control Systems LMCS Light Modular Causeway System LMCS Loan Management and Control System LMCS Lake Michigan Carferry Service, Inc. LMCS Logical Methods in Computer Science (Local Multipoint Communications Systems) to 127 communities in remote and underserved regions of Canada. Regional Vision is confident that the 1Ghz it was awarded will be sufficient to deliver new wireless LMCS services in the remote communities it aims to serve and intends to start working on implementation immediately. The consortium expects the implementation of its system to be spread over five years and to include the unfolding of an array of video, audio and data services which will provide local businesses and consumers with a choice of integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. beyond those already offered by the existing cable and telephone networks. The Regional Vision consortium brings together companies and an individual who are leaders in their respective line of expertise. They are Cancom (Canadian Satellite Communications Inc.), Canada's leading provider of commercial satellites services; CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA. 1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. Infrastructure Management Inc., a Canadian leader in the management of communications infrastructures; Capital Communications CDPQ CDPQ Caisse de Dépôt et de Placement du Québec Inc., one of the most important private equity companies in the field of communications and telecommunications in the country; and Hougen Communications, a leading business in the Yukon. Cancom holds 49 percent of Regional Vision shares and trades on the Toronto and Montreal Stock Exchanges Montreal Stock Exchange See Bourse de Montreal, Inc. (Canadian Derivatives Exchange) Created in 1981 to bring broadcasting choices and services to the remote and underserved communities of Canada. Cancom's Broadcast Division presently delivers services to over 2,600 small cable operators who in turn serve some 4 million households across the country. The Cancom Business Division is the leading provider of Mobile services to the Canadian trucking industry as well as the leading provider of private integrate satellite and terrestrial networks services. Cancom Business Television is Canada's top provider of satellite interactive distance learning for business and institutions. CSL Infrastructure Management Inc. is owned 50/50 by the Bracknell Corporation through Clientech Management Services Inc., its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , and by SNC-Lavalin Inc. CSL provides infrastructure management, installation and maintenance services in all regions of Canada and abroad. It holds 29 percent of Regional Vision shares. Capital Communications CPDQ, a subsidiary of La Caisse de depot et de Placement du Quebec, manages an investment portfolio in the fields of communications and telecommunications with a market value on June 30, 1995 of $714 million in 28 companies. It holds 20 percent of Regional Vision shares. Hougen Communications, holding 2 percent of the consortium shares, is lead by Rolf Hougen, a Whitehorse business leader and entrepreneur with invaluable experience in the provision of services to Northern and remote communities. He is a past president of the Canada Chamber of Commerce (1989-90), an Officer of the Order of Canada The Order of Canada is Canada's highest civilian honour within the Canadian system of honours, with membership awarded to those who exemplify the Order's Latin motto Desiderantes meliorem patriam, which means "(those) desiring a better country" (Hebrews 11:16). and serves on the board of several national boards and organizations. CONTACT: Cancom Duncan McEwan, 905/272-6602 dmcewan@cancom.ca |
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