A Canadian investment group has announced its intention to purchase the majority share in a United States-based telecommunications company, Trilogy International Partners, which has services in New Zealand and Bolivia. According to the release, Alignvest Acquisition Corp. is a special purpose acquisition corporation “formed for the purpose of effecting an acquisition of one or more businesses or assets.” Among those “expected to be investors and/or serve on the board” of the newly combined company include former Rogers Communications Inc. CEO Nadir...
On Friday, Shaw Communications Inc. released Wind Mobile’s first quarterly results since it acquired the wireless company earlier this year, which showed revenues of $132 million for the quarter, as the company assured analysts and shareholders on a conference call that its wireless strategy will take off as it launches an LTE network and obtains low-band spectrum in the future. Wind’s revenues were up 24 per cent compared to the equivalent period last year, driven by a 136,000 increase in subscribers year-over-year, the company said. Its average revenue per user (ARPU) was...
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...
The Big Three may have just become the Big Four, as Shaw Communications Inc. announced Wednesday it is attempting to become a wireless provider by acquiring Wind Mobile. Shaw said in a press release...
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...
Wind Mobile will work to roll out LTE connections on its network by the end of 2016, as long as the technology to take advantage of the AWS-3 spectrum it picked up in this week’s auction is ready, Wind chairman Anthony Lacavera said Friday. The results of the March 3 auction were...
Wind Mobile on Thursday confirmed its participation in the upcoming AWS-3 and 2500 MHz spectrum auctions. The registration deadline for both is Friday. The AWS-3 auction is set to begin on March 3 and the 2500 MHz auction will...
Analysts are divided on how two upcoming spectrum auctions will change Canada’s wireless industry as the deadline for registration looms at the end of January. The upcoming AWS-3 and 2500 MHz auctions are taking place against a backdrop of uncertainty as carriers await a decision from the CRTC on wholesale wireless...
Industry Canada on Thursday announced March 3 as the date for the beginning of the AWS-3 auction and proposed policy changes to make 600 MHz, AWS-4 and 3500 MHz spectrum available for mobile use in...
Wind Mobile's new chief executive says the carrier will become a "stronger fourth carrier" in the provinces where it already operates, but is unlikely to become a "national" wireless competitor to BCE Inc., Telus Corp. and Rogers Communications Inc. "I don't think we'll be a national...
OTTAWA — Wind Mobile chairman Anthony Lacavera said Wednesday there is still the possibility of a deal between his company and wireless competitors such as Mobilicity or Quebecor Inc.-owned Videotron to build a national alternative to the incumbent carriers. “It doesn't make a lot of sense for us as...
The government has approved the buyout of Wind Mobile from VimpelCom Ltd. by a consortium led by Anthony Lacavera's Globalive Capital with a number of attached conditions, including that the new ownership group...
As Wind Mobile’s chief operating officer, Pietro Cordova, steps into the CEO role vacated by Anthony Lacavera Monday, his top priority will be to put an LTE network in place, the outgoing CEO said in a phone interview....
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 stake Amsterdam-based VimpelCom had in Wind for $135 million and assume about $150 million in debt thanks to support from a group of investors including Toronto-based investment firm West Face Capital, as well as U.S. investors Tennenbaum Capital Partners and LG Capital Investors. “It's been a very long and winding road,” he said in a phone interview....
The federal government on Monday announced another auction for wireless spectrum will be held next year and, like previous auctions, it will have rules meant to increase the viability of companies competing against the three incumbents. "They are bound and determined to get that fourth national carrier," Gregory...
New-entrant wireless carrier Mobilicity is in a holding pattern after the collapse of a buyout deal with Telus Corp. that could harm its chances of being rescued from bankruptcy protection,...
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...
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...
OTTAWA — Industry Canada is updating its wireless tower-site rules to remove “loopholes” that allowed wireless providers to build shorter towers without first consulting local community members, Industry Minister James Moore said. In a press conference at Industry Canada’s Ottawa office Wednesday, Moore said the department will now require wireless providers to consult with local community members before they build any new towers, regardless of the towers’ height, and that the companies must ensure residents are “well-informed” of their plans....
Wind Mobile’s chief executive says the company is surging in the absence of stable new entrant competitors, though experts warn it will face a “headwind” soon without access to 700...
John Bitove’s Feenix Wireless Inc. could have access to prime spectrum at lower prices following the withdrawal of Globalive Wireless Management Corp., owner of Wind Mobile, from the 700 MHz auction that starts Tuesday,...
Carriers still finding their way under the CRTC’s wireless code will face the rollout of 700 MHz spectrum, potential new-entrant consolidation and the recalibration of domestic roaming rates in 2014, in what is poised to be...
Globalive Wireless Management Corp.’s Wind Mobile has been approved as a bidder for the assets of Dave Wireless Inc.’s Mobilicity, though it hasn’t decided yet whether to make a bid, Wind CEO Anthony Lacavera...
Globalive Wireless Management Corp., operator of Wind Mobile, is looking at buying Mobilicity because it needs more spectrum in order to roll out an LTE network, Wind CEO Anthony Lacavera said....
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...
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...
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. in a deal valued at $520 million. Sawiris' Paris-based investment firm, Accelero Capital Holdings, which has also submitted an offer to purchase Wind Mobile Canada from Amsterdam-based VimpelCom Ltd., will purchase the Allstream business services unit and its national fibre network, Accelero said in a release Friday. "This investment reflects Accelero's long-term commitment to the...
A Federal Court of Canada ruling that said the government erred in approving Globalive Wireless Management Corp. as a telecommunications carrier will not affect the company’s operations, Globalive...