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Posted AT 10:12 PM EST on 04/09/08

Globalive's big dreams move closer to reality

SIMON AVERY

From Friday's Globe and Mail

The telecom giants that first dismissed Globalive Communications Corp. as a threat face the reality today that the upstart wireless firm could become Canada's fourth national cellphone company in less than a year. Globalive said Thursday that it has paid in full its $442-million tab to the federal government for 30 spectrum licences covering most of the population, and also secured a public commitment from its biggest financier for up to $700-million (U.S.).

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