Vimpelcom drops plan to buy Wind Mobile

Thursday 20 June 2013 | 09:34 CET | News
Vimpelcom subsidiary Orascom Telecom has withdrawn its request to the Canadian government to acquire full control of Wind Mobile. Orascom said the move comes after a review process and that it will continue discussing with the government how to consolidate its interest in the operator. The company, which owns 65 percent of Wind Mobile, had been waiting for regulatory approval under the Investment Canada Act. Wind Mobile CEO Anthony Lacavera, who owns 35 percent of the company he founded, said that now that Vimpelcom has pulled back, he will seek to buy the rest of the company with help from

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