Craig Wireless Sells Spectrum: Stock +250%

Lucky owner of shares in Craig Wireless (CWG) are 250% richer today. The Canadian company announced it s selling part of its wireless spectrum to giants Rogers and Bell.

• Canadian spectrum a quarter of total spectrum holdings
• Shares rise four-fold

March 26 (Reuters) - Craig Wireless Systems Ltd said it agreed to sell its Canadian spectrum assets to Inukshuk Wireless Partnership for C$80 million, triggering a four-fold rise in its shares.