Solaris Advises on Sale of Canadian Wireless Telecommunications Infrastructure Business |
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Transaction: Sale of a portfolio business |
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| Company Description: Radian Communication Services (Canada) Limited (“Radian”) provides technical and aerial services to the Canadian communications and broadcast industries. Radian has over 310 full-time-equivalent employees operating from seven branch and service offices across Canada and the U.S. Radian's services include network design, equipment installation, tower engineering, site construction, and infrastructure and equipment maintenance. Radian's deployment expertise ranges from stand-alone projects such as a broadcast tower installation, to large multi-site network deployments on a national basis for wireless communications. |
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| Role: Solaris Capital Advisors Inc. acted as exclusive financial advisor to ONEX Corporation the negotiation and sale of Radian to Prestige Telecom. |
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| Outcome: With the completion of this transaction, Prestige Telecom now has the capabilities to provide outsourced telecommunications infrastructure services to wireless, wireline, cable television networks and OEM companies across Canada, and believes that it is well-positioned to capitalize on the announced capital expenditure plans for new wireless networks and network build-outs of Canada's incumbents and new entrants following the Advanced Wireless Services spectrum auction. |
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