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Orascom to continue ‘working with government’ on Wind deal

telecom | 06/19/2013 8:47 pm EDT

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...