Government clears Wind Mobile takeover

Wednesday 5 November 2014 | 08:41 CET | News
The Canadian government has approved the sale of Wind Mobile. VimpelCom agreed in September to sell its stake in Wind's holding company Globalive to the company's management and a number of investment funds for CAD 135 million. Canadian industry minister James Moore said that the acquisition would contribute to "a more robust and competitive wireless industry in Canada". The new owners agreed to maintain Wind's head office in Canada, ensure that a majority of Wind's head office employees are Canadian, remain incorporated under Canadian federal or provincial laws, provide Canadian-based

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Globalive / Vimpelcom / Wind Mobile
Countries: Canada
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Vimpelcom sales down 9% in Q3, net profit halves

Published 12 Nov 2014 09:09 CET | World
Vimpelcom's net profit more than halved in the third quarter, to USD 104 million from USD 255 million a year ago, due to costs ...

Wind Mobile names Cordova new CEO

Published 28 Oct 2014 11:44 CET | Canada
Canada's Wind Mobile has appointed Pietro Cordova its new CEO. Cordova is currently the company's COO. Anthony Lacavera will ...

Vimpelcom exits Canadian market, sells Wind Mobile stake

Published 16 Sep 2014 08:32 CET | Canada
VimpelCom is exiting the Canadian market and has agreed to sell its local operator Wind Mobile. VimpelCom and Global Telecom ...