Sweden
Nordic carrier TeliaSonera said it will test its fixed and mobile telephony initiatives using L.M. Ericsson’s Unlicensed Mobile Access technology in Sweden. The carrier is conducting similar tests in Denmark with Motorola Inc. TeliaSonera said the aim of the tests is to gradually introduce an integrated mobile and Internet Protocol-based telephony solution that will allow customers to use a single wireless handset for both mobile and fixed calls. Ericsson said its Mobile@Home solution turns mobile phones into IP phones in users’ homes. Users can place calls in their home using a fixed broadband network that can then automatically and seamlessly switch to a mobile network when they leave the home.
CANADA
VCom Inc. moved closer to a $21 million initial public offering, announcing that it has filed a final prospectus with the securities regulatory authorities in each Canadian province. The company said it plans to issue almost 3.34 million common shares at $6.32 per share. VCom said the closing is scheduled for Nov. 14 and the Toronto Stock Exchange has conditionally approved listing the company’s shares under the symbol “VCM.” CIBC World Markets Inc. and National Bank Financial Inc. are leading the IPO’s underwriting syndicate, which also includes TD Securities Inc., Orion Securities Inc. and Raymond James Ltd. VCom designs, manufactures and sells broadband access equipment to cable, wireless and telephone network operators. The company employs approximately 500 people in Western Canada.
Battery & Wireless Solutions Inc. cancelled its proposed acquisition of TAC Mobility and appointed a new chief executive officer following a review of the company’s business and strategic plans. Michael Bartlett will assume the post of CEO. Les Granholm remains president and will assume the new role of chief operating officer. Brian Cameron will continue as chief financial officer. Canadian-based Battery & Wireless is an independent distributor of battery products.
