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...
Orascom Telecom Holding S.A.E., owned by Amsterdam-based VimpelCom Ltd., said it is withdrawing a request to Industry Canada to acquire control of Wind Mobile, though it still wants to work with the government to consolidate its interest in Wind. Wind Mobile, owned by Globalive Wireless Management Corp., announced a plan in January to transfer its control to VimpelCom, and last October Orascom filed an application with Industry Canada to make that transfer under the Investment Canada Act. The deal to transfer ownership had a June 30 closing date and Orascom's application was delayed without a decision from the department. Orascom said in its statement Wednesday that “after a...
OTTAWA, TORONTO—Industry Canada will block Telus Corp.'s proposed deal for Dave Wireless Inc.’s mobile spectrum, as well as any other proposal from an incumbent to acquire wireless...
The federal government should let the CRTC’s wireless code of conduct regulate the mobile wireless sector and back away from its policy objective of ensuring four competing carriers in each region of the country, Scotia Capital analyst Jeff Fan said. In a research note Monday, Fan said the CRTC’s...
Canadian wireless consumers can cancel long-term wireless contracts with mobile phone providers after two years without any cancellation fees, the CRTC said in new wireless code of conduct...
Seven months after VimpelCom Ltd. filed an application to change control of Wind Mobile, Industry Canada still hasn't released a decision. VimpelCom, an international mobile operator based in Amsterdam, filed application last October with an expectation that the agreement would be approved within 45 days, and before an...
Accelero Capital Holding's deal to purchase Allstream from Manitoba Telecom Services Inc. will give the company a cross-country fibre network that would provide backhaul support for mobile wireless services and bundled Internet, voice and mobile wireless contracts in the business market. That is, of course, if Accelero, based in Paris and co-founded by Egyptian billionaire Naguib Sawiris, succeeds in its offer to purchase Wind Mobile from VimpelCom Ltd. “In Canada you can give an advantage to yourself, radically, if you own your own infrastructure,” Brownlee Thomas, a telecom analyst with Forrester, said in a phone interview. “Anywhere you need fibre, it's going...
Former Wind Mobile backer Naguib Sawiris said he is re-entering the Canadian telecom market with a “long-term commitment” and the purchase of Allstream from Manitoba Telecom Services Inc....