United American Corp. (UAMA)

[65actual]

Wireless initiative DOA "dead on arrival"

TNW Wireless soon to lose carrier status.

1) Cellular network INOPERATIVE in violation of ISED Canada Conditions of Licence.
2) No wireless revenues for carrying traffic.
3) No domestic roaming agreements even after favorable CRTC ruling.
4) No US roaming agreements with RuralCom negotiated agreements now timed out.
5) No subscribers generating any revenue.
6) Sandeep Panesar has left the company without explanation.

Expect this set of conditions to result in ISED issuing Notice of Spectrum Licence Revocation. That will be the end of all the BS projections promulgated by UAMA for both TNW and iPCS. The latter was soundly rejected by the CRTC and UAMA has not found one marquee account for this unproven technology.

All in all a remarkable failure.