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Wireless

Vimpelcom exits Canadian market, sells Wind Mobile stake

Tuesday 16 September 2014 | 08:32 CET | News
VimpelCom is exiting the Canadian market and has agreed to sell its local operator Wind Mobile. VimpelCom and Global Telecom Holding have agreed to sell all of their debt and equity interest in Wind's holding company Globalive to the company's management and a number of investment funds for CAD 135 million. Wind CEO Anthony Lacavera already has a third of the equity and two-thirds of the voting rights in the company, through his company Globalive Capital, which is leading the takeover. Wind last reported  The proceeds will go to VimpelCom in repayment of part of the debt owed the company. At

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