Claro to launch HSPA+ this week

According to Stuff.co.nz, the proposed USD5.5 million acquisition of New Zealand broadband provider Woosh Wireless by Canadian company Craig Wireless may have hit the skids, after the government declined to allow the two companies to pool their pre-existing spectrum resources. Under the terms of the deal, agreed in September, Craig subsidiary Craig Wireless South (CW South) intended to assume major Woosh investor Kuwait Finance House’s loan for some USD5 million, whilst Rod Inglis, the current chairman of Woosh, would participate in the acquisition by contributing USD500,000 of the total purchase price. Upon completion of the transaction, CW South would have held 51% of Woosh, whilst Inglis and his affiliates would retain the remaining 49% of the company’s equity [More]

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