If any payment deadlines are missed, the deal is off and Inukshuk won't get the spectrum.

when Look joined forced with Internet Direct Ltd. and wireless carrier Microcell Telecommunication Inc. to work on providing 4 Mbps service using MCS. Microcell, which operated the Fido mobile phone brand, was later . In 2005, with each company owning half.

Look started out during the dot-com boom using its fixed and mobile licenses to sell television and Internet service. In September, 2001, the company under the Companies Creditors Arrangement Act, which resulted in a plan of arrangement under which new equity was issued to debt holders and the company started targeting the SMB market.

It lost $103 million during the third quarter of that year.

UBS acquired its portion of Look in August, 2002.