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Wireless

Government clears Wind Mobile takeover

Wednesday 5 November 2014 | 08:41 CET | News

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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

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