Home Page News Briefs People Media Telecom Archives About Us
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers Classifieds

TAGGED AS VIMPELCOM LTD.

Appeal may follow dismissal of suit over Wind confidentiality breach: Catalyst

telecom | 08/22/2016 9:30 pm EDT

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...

Federal gov’t facing second legal battle over wireless wipeout

telecom | 08/05/2016 7:11 pm EDT

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...

Wind faces short-term turbulence, long-term opportunity: Canaccord

telecom | 07/05/2016 9:07 pm EDT

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...

Regulatory approval clause at centre of Catalyst lawsuit

telecom | 06/03/2016 8:33 pm EDT

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...

Shaw-Wind deal means no Rogers merger on horizon: analysts

Media | 12/17/2015 11:00 pm EST

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 sells Manitoba, Sask. AWS spectrum

telecom | 07/31/2015 7:37 pm EDT

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...

Cordova was never meant to be permanent Wind CEO: source

telecom | 03/23/2015 8:06 pm EDT

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...

CRTC, spectrum auctions among major wireless issues for 2015: analysts

telecom | 12/18/2014 6:01 pm EST

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 would fund spectrum purchase for Mobility: report

telecom | 11/24/2014 10:25 pm EST

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...

Buyout puts Wind on solid ground, says Lacavera

telecom | 09/16/2014 1:51 pm EDT

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...

Incumbents say AWS-3 set-aside unnecessary, bad for taxpayers

telecom | 09/15/2014 8:36 pm EDT

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 reports subscriber, ARPU growth

telecom | 08/06/2014 8:11 pm EDT

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...

Rene Schuster named VimpelCom COO

telecom | 07/02/2014 5:48 pm EDT

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...

Wind seeks LTE spectrum from Shaw, Quebecor

telecom | 06/17/2014 8:27 pm EDT

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...

Wholesale roaming caps won’t solve problem: Wind

telecom | 05/27/2014 6:02 pm EDT

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 claims Q1 ‘best quarter ever’

telecom | 05/14/2014 2:34 pm EDT

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...

Wind aiming to poach Mobilicity, Public Mobile customers

telecom | 05/05/2014 9:10 pm EDT

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 reports subscriber base at 700,000

telecom | 04/03/2014 8:52 pm EDT

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 under investigation by U.S., Dutch authorities

telecom | 03/12/2014 2:25 pm EDT

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 ends talks to buy Pakistan carrier: report

telecom | 03/10/2014 4:13 pm EDT

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 worth ‘more than zero’: Lacavera

telecom | 03/06/2014 9:52 pm EST

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 granted extension on creditor protection

telecom | 12/19/2013 6:36 pm EST

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...

‘Very realistic’ Verizon entry a ‘game changer,’ analysts say

telecom | 06/27/2013 7:34 pm EDT

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...