Wind Mobile is looking to make LTE service available to at least some of its customers by the end of next year, after announcing it has borrowed $425 million to help it do so. On Thursday, Wind issued a press release that indicated it has secured a new financing package worth $425 million that involves backing from Toronto-Dominion Bank, Bank of Montreal and Canadian Imperial Bank of Commerce. Also involved is Finnverva, the export credit agency of Finland, where the technology provider for Wind's network upgrade, Nokia Corp., is based. Wind said said the money secured would...
As the new year approaches, Canadian wireless carriers of all sizes await a CRTC decision on domestic roaming that could, in the words of one analyst, “disrupt” the industry with wide-ranging consequences for two upcoming spectrum auctions and beyond. The commission’s ruling follows a five-day hearing in the fall on wholesale wireless regulation, the culmination of process that began early last year. According to Barclays analyst Phillip Huang, the wholesale wireless...