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DAVE Wireless to “accelerate its launch” with $125m ING loan

By on October 20, 2009 at 9:09am in Mobile News, Mobilicity, Various News

dave-wirelessLast week we saw DAVE Wireless sign a roaming agreement with Rogers. Before that they signed a US roaming agreement with T-Mobile; brought on Ericsson to design and build their 3G UMTS network and also signed a cell-site sharing agreement with Bell. To say they have been quiet is simply not true.

Want more info on DAVE Wireless today? How about a cool $125 million from ING? They have received long-term financing that will “enable the company to accelerate its launch activities and bring greater choice, flexibility and value to Canadian wireless customers sooner”.

In addition, Dave Dobbin, President of DAVE Wireless said “We have made significant progress in the last year, and we are pleased to now be working with ING. This attractive financing provides significant operating flexibility as we continue to implement our strategy to offer outstanding service and value to our future Canadian subscribers.”

Steve Nettler, Managing Director at ING Capital LLC said “DAVE Wireless has a disciplined approach and a management team with extensive Canadian experience. Moreover, DAVE Wireless’ marketing strategy and partnerships with leading vendors substantiates their ability to execute a high value and low cost business plan.”

Also, we hear they are close to announcing a formal name change and with this ING news will “accelerate its launch activities”. Dave Dobbin said in our interview that “I have consistently said we will be launching our network in early 2010″… perhaps we’ll see a January 2010 launch in Toronto, Vancouver, Calgary, Edmonton and Ottawa.

Related posts:

  1. DAVE Wireless brings on Ericsson to build out 3G network
  2. DAVE Wireless signs cell-site sharing agreement with Bell
  3. DAVE Wireless finally has online presence
  4. DAVE Wireless signs Dave Dobbin as President

Discussion

6 comments for “DAVE Wireless to “accelerate its launch” with $125m ING loan”

  1. Which new entrants got spectrum in Montreal, QC? Besides Videotron/Quebecor? And are they going to do anything with it besides what they currently offer (reselling Rogers to their existing cable customers).

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    Posted by schultzter | October 20, 2009, 11:04 am
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  2. DAVE coming to market sooner than expected? Good for us!

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    Posted by Kmusky | October 20, 2009, 11:14 am
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  3. @ schultzter

    I think Quebecor snapped up all of Quebec so we are SOL :(

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    Posted by Sam | October 20, 2009, 9:27 pm
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  4. Videotron should not have been allowed to take all that spectrum, they are very expensive in virtually every sphere they operate it and their current cell phone plans are ridiculously overpriced, with SAF fees etc.

    We just have to hope that competition elsewhere will bring prices down for us too.

    However I do believe Public Mobile will be launching in Montreal.

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    Posted by Colin | October 21, 2009, 5:09 am
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  5. Dobbin said “I have consistently said we will be launching our network in early 2010″… perhaps we’ll see a January 2010 launch in Toronto, Vancouver, Calgary, Edmonton and Ottawa.

    The only way DAVE could “launch in Jan 2010″ is on Rogers network… WIND will take more than 1 yr to build and launch Calgary and Vancouver. Its almost November 1 and DAVE might find 10 guys to install base stations between now and Christmas. Hey Mr. D – Early 2010? – I thought the good pot was in BC.

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    Posted by market watcher | October 24, 2009, 10:34 pm
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  6. No new players attempted to buy spectrum in QC. What Wind paid for their spectrum accross Canada is what Videotron paid solely for QC.

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    Posted by Jesse | November 10, 2009, 7:54 pm
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