In a filing, Craig Wireless said it would own 51% of a new holding company, Woosh, with the latter's current chairman, Rod Inglis, the remainder.

Craig Wireless Systems, a Canada-listed telecommunications company, has agreed to buy Woosh Wireless for $5.5m, which is less than the amount provided by its corporate venturing and other investors.

In a filing, Craig Wireless said it would own 51% of a new holding company, Woosh, with the latter’s current chairman, Rod Inglis, the remainder.

News provider National Business Review said Endeavour Capital’s New Zealand Australia Private Equity Fund, and Kuwait Finance recover a small portion of their debt, (as…