Don’t count DAVE out… they just got an extra $75 million

daveadJust because there’s Rogers, Bell, TELUS and now WIND… there will be more competition coming down the pipe soon. Dave Wireless will be changing their name when they officially launch, but that’s not the news. They have secured another massive amount of money.

A couple months ago they announced that ING infused they with $125 million in long-term financing, and now DAVE has raised another $75 million in additional capital from Canadian investors GMP Securities L.P. and National Bank Financial Inc.

Dave Dobbin, president of DAVE Wireless stated “We are on track to bring competition to Canadian wireless consumers in early 2010 with our state-of-the-art Ericsson 3G network. Raising an additional $75 million for continued growth will significantly enhance our position in the market.”

The confirmed date is still a vague “early 2010” but we think it’s coming real soon. The initial launch cities are: Toronto, Vancouver, Calgary, Edmonton and Ottawa.

(Thanks Sheryl!)

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