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Orascom finalizing Wind’s ‘strategic position’ as sale is still on the table

telecom | 08/07/2013 7:17 pm EDT

Wind Mobile’s Canadian subscriber base rose by 18,732 customers during the second quarter as its owners worked to establish the company’s strategic position in advance of a possible sale, Wind majority investor Orascom Telecom Holding S.A.E. said. In a financial statement released Wednesday, Orascom, owned by parent company VimpelCom Ltd., said Wind had 620,451 customers across Canada at the end of the three-month period that ended June 30, an increase of three per cent from the end of March. In comparison, it added 11,281 subscribers in the first quarter and 41,522 in the second quarter of last year. Orascom said Wind had an average revenue per user of $28.30 per month during...