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ARCHIVED - Broadcasting Decision CRTC 2004-556

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Broadcasting Decision CRTC 2004-556

  Ottawa, 21 December 2004
  Craig Media Inc., on behalf of a wholly-owned subsidiary
(to be incorporated) of Craig Wireless B.C. Inc.
 Victoria, Vancouver, Abbotsford, Chilliwack, Penticton, Kelowna, and Vernon, British Columbia
  Craig Media Inc., on behalf of a wholly-owned subsidiary
(to be incorporated) of Craig Wireless International Inc.
 Brandon, Foxwarren, McCreary, Dauphin, Elie, Winnipeg,
Interlake (Fraserwood), Lac du Bonnet, Falcon Lake, Chatfield,
Newdale, Melita and Selkirk, Manitoba
  Applications 2004-0776-9, 2004-0625-8, 2004-0780-1 and 2004-0781-8
Public Hearing in the National Capital Region
1 November 2004
 

Transfer of assets - Corporate reorganization

1.

The Commission approves the applications byCraig Media Inc., on behalf of a wholly-owned subsidiary (to be incorporated) of Craig Wireless B.C. Inc. (CWBC-Sub) and, on behalf of a wholly-owned subsidiary (to be incorporated) of Craig Wireless International Inc. (CWII-Sub), to acquire the assets of the multipoint distribution system (MDS) distribution undertakings serving the communities noted above. The applicants also requested broadcasting licences to operate the undertakings under the same terms and conditions as those in effect under the existing licences.

2.

The transaction will be effected through a multi-step corporate reorganization resulting in the transfer of the undertakings serving the communities in British Columbia from Craig Wireless B.C. Inc. (CWBC) to CWBC-Sub, and of the undertakings serving the communities in Manitoba from Craig Wireless International Inc. (CWII) to CWII-Sub. Following this transaction, the ultimate control of the undertakings will remain with the Craig family.

3.

As part of the corporate reorganization, the applicants will amalgamate Manalta Investment Company Ltd. (Manalta) with CWII, Craig Wireless Systems Inc. (CWSI) and CWBC (Manalta Amalco). Two new holding corporations will then be created: one will be a wholly-owned subsidiary of Manalta Amalco (New Holdco), and the other, a wholly-owned subsidiary of New Holdco (New Canco). Finally, Manalta Amalco will transfer the effective control of CWBC-Sub and CWII-Sub to New Canco.

4.

The Commission received a comment by Mr. Gordon Rae regarding accessibility to the MDS undertakings in British Columbia.

5.

The new licences will be subject to the same terms and conditions as those in effect under the existing licences. Coincident with the respective current expiry date of the existing licences, the licence for the undertakings serving British Columbia will expire 31 August 2006, and the licence for the undertakings serving Manitoba will expire 31 August 2011.

6.

The Commission will issue licences to CWBC-Sub and to CWII-Sub, respectively, once:
 
  • the current licences have been surrendered to the Commission; and
 
  • the applicants have satisfied the Commission, with supporting documentation, that eligible Canadian corporations have been incorporated in accordance with the applications in all material respects.

7.

The Commission further requires that the articles of amalgamation for Manalta Amalco and the articles of incorporation for the two new holding corporations, New Holco and New Canco, be filed no later than 21 March 2005.

8.

Because these applicants are subject to the Employment Equity Act and file reports concerning employment equity with theDepartment of Human Resources and Skills Development, their employment equity practices are not examined by the Commission.
  Secretary General
  This decision is to be appended to each licence. It is available in alternative format upon request, and may also be examined at the following Internet site: www.crtc.gc.ca

Date Modified: 2004-12-21

Date modified: