Cancom to acquire Star Choice
TORONTO — Canadian satellite communications provider Cancom announced plans to acquire Star Choice Communications in a swap of stock. The deal is expected to close in February 1999, and is subject to government and shareholder approval.
Star Choice will become a wholly-owned subsidiary of Cancom.
Cancom is a leader in the domestic business-to-business satellite communications marketplace. Among its products and services are Qualcomm OmniTRACS vehicle-tracking solutions for truck fleets.
Star Choice is a direct-to-home provider of satellite services.
“Given the complementary cultures, financial positions, and business plans of Cancom and Star Choice, I am confident that the proposed arrangements will bring long-term rewards to all of our shareholders,” said Cancom president and CEO Duncan McEwan.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.