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

Last 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.