The Ontario Superior Court last week threw out a lawsuit involving allegations that an analyst tipped off a competing fund manager about the strategy behind its Wind Mobile acquisition. On Thursday, Justice Frank Newbould dismissed “in its entirety” Catalyst Capital Group Inc.’s breach of confidential information suit against West Face Capital Inc. and its former junior analyst Brandon Moyse. Catalyst alleged in the suit that after leaving Catalyst and...
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...
Canaccord Genuity analyst Aravinda Galappatthige said in a research note Tuesday that Shaw Communications Inc.’s Wind faces “volatility and uncertainty over the short run,” though it also has a “genuine and sizable long-term opportunity.” However, in notes issued ahead of...
The consortium of investors that bought VimpelCom Ltd.’s stake in Wind Mobile didn’t make the deal contingent on regulatory approval, a clause it was able to include because...
Financial analysts said Thursday that the surprising move by Shaw Communications Inc. to buy Wind Mobile means any potential merger between Shaw and Rogers Communications Inc. won’t happen any...
Wind Mobile has sold its AWS spectrum in Manitoba and Saskatchewan to Saskatchewan Telecommunications Holding Corp. and Manitoba Telecom Services Inc., stating the company plans to focus on the Ontario, B.C. and Alberta...
When Pietro Cordova was introduced as Wind Mobile's new chief executive officer in October, it was not presented as an interim role, yet that was always the plan, according to a person with knowledge of the matter. On Monday, Wind announced that Alek Krstajic, the former CEO of Public Mobile, was taking over the CEO position from Cordova. It also said Anthony Lacavera would become honorary chairman, with Rob MacLellan taking over the official chairmanship. Cordova's appointment as CEO came in the wake of an agreement that saw Wind bought out from majority owner, Dutch-based VimpelCom...
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...
Catalyst Capital Group Inc. would help fund Mobilicity's purchase of new spectrum in the government's AWS-3 auction next year, its leader said in an interview with the Globe and Mail. An...
Wind Mobile CEO Anthony Lacavera says his $285-million buyout of majority shareholder VimpelCom Ltd., announced Tuesday, brings stability to his company after years of ownership uncertainty. Lacavera will buy out the majority...
In newly released documents Rogers Communications Inc., Telus Corp. and BCE Inc. all criticize the set-aside for new entrants in the upcoming AWS-3 auction, with Bell is asking the government to...
Wind Mobile posted subscriber growth and an increase in average revenue per user (ARPU) in the second quarter, according to a financial filing from co-owner Global Telecom Holding SAE. Wind’s subscriber base grew to 741,000...
VimpelCom Ltd., the Amsterdam-based company that is majority owner of Canada's Wind Mobile, on Tuesday named Rene Schuster as chief operating officer. The company said in a press release that Schuster was previously CEO of...
TORONTO — Wind Mobile CEO Anthony Lacavera said Tuesday that his company needs access to LTE spectrum, perhaps from unused space held by Quebecor Inc. or Shaw Communications Inc., if his company is to continue to be a viable...
OTTAWA — Proposed federal legislation that caps wholesale wireless prices is a good start but “doesn’t solve the issue,” Wind Mobile co-founder and chief regulatory officer Simon Lockie told a Senate...
Wind Mobile said the first quarter of 2014 was its “best quarter ever” as it gained more than 25,000 subscribers and saw its average revenue per user jump to 12 per cent more than it was a year earlier. The company issued a statement by email on Wednesday that said: “It’s been a tremendous start to the year for Wind Mobile, and we’re very pleased to report that we’ve experienced our best quarter ever.” Wind added that it will “continue our growth as Canada’s fourth national carrier.” Some of the figures Wind released was that...
Analysts say a new advertising campaign by Wind Mobile that aims to pick up customers from Mobilicity and Public Mobile may be successful as the new-entrant carrier tries to capitalize on the woes of...
Wind Mobile said Thursday that its subscriber numbers have hit 700,000, as it also announced what it called a “plethora” of new unlimited mobile plans. That subscriber figure is a jump of more than 50,000 from the...
VimpelCom Ltd., the Amsterdam-based majority owner of Wind Mobile, announced on Wednesday that it is under investigation by the U.S. Securities and Exchange Commission as well as Dutch authorities in...
VimpelCom Ltd., the majority owner of Canada’s Wind Mobile, has ended talks for the possible acquisition of Pakistan-based carrier Warid Telecom, Bloomberg reported Monday. Warid is owned by Abu Dhabi Group and one of five...
Wind Mobile CEO Anthony Lacavera said it’s “business as usual” at his company following the decision by majority owner VimpelCom Ltd. to write down the value of its $768-million US stake in the Canadian wireless carrier. In a financial filing on Thursday, Amsterdam-based VimpelCom said it had written down the full value of its 65 per cent stake in Wind, leading analyst Dvai Ghose of Canaccord Genuity to declare the company “all but dead” in a note to investors. Such declarations, Lacavera said in a phone interview on Thursday, were premature and don’t...
Mobilicity has received an extension until February for protection from creditors. The new-entrant wireless carrier in bankruptcy protection had asked the Ontario Superior Court to extend its protection from Dec. 20 to Feb. 18. Joel Shaffer, a spokesman from Longview Communications, representing Mobilicity, said in an email the extension was granted...
Verizon Communications Inc. is waiting to see Industry Canada’s new rules for spectrum licence transfers and is seeking clarification on the department’s rules for the upcoming 700 MHz...