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Wireless

Security concerns delay approval of Wind buy-out - report

Monday 17 June 2013 | 10:03 CET | News
The Canadian government has been delaying approval of Vimpelcom's acquisition of full control of Wind Mobile due to national security concerns, The Globe and Mail reported. Vimpelcom and its affiliate Orascom Telecom announced last October plans to increase control of Wind after the Canadian government relaxed rules on foreign ownership of telecom operators. According to the paper's sources, Canadian officials are hesitant to give their blessing for the deal because they will effectively give a Russian entity control of Wind's network infrastructure, which was built by Chinese telecoms gear

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Categories: Mobile & Wireless
Companies: Huawei China / Orascom Telecom / Vimpelcom / Wind Mobile
Countries: Canada
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