The Canadian government could end up fighting a war on two fronts over the previous government’s drive to have four national wireless carriers. According to a notice on the Global Affairs Canada website, on June 6 the International Centre for Settlement of Investment Disputes registered an arbitration request from Egyptian telecom company Global Telecom Holdings S.A.E. (GTH) that “concerns GTH’s investment in Wind Mobile, over the period of 2008-2014.” GTH is claiming damages of “at least $1.32 billion CAD,” the notice said, over...
The $1.2-billion lawsuit against the federal government by the original backers of wireless startup Mobilicity is moving ahead, according to a report in the Globe and Mail. An article appearing on the newspaper's website Tuesday said the Ontario Divisional Court last week rejected the government's motion seeking leave to appeal, and the government is now expected to file a statement of defence. The case was launched in September last year by New York-based investment firm Quadrangle Group LLC. and John Bitove's Data & Audio-Visual Enterprises Investments Inc., who claimed the government lured Mobilicity into Canada's wireless market with promises that were later reneged...
The $1.2-billion lawsuit launched against the federal government by original backers of Mobilicity can proceed, the Ontario Superior Court of Justice ruled Friday, according to a report in the Globe and Mail. The case was launched in September by New York-based investment firm Quadrangle Group LLC and John Bitove's...
New details about the government’s push for new-entrant carriers in the 2008 AWS auction were revealed in a lawsuit filed this week against Industry Canada by two of the original investors in...