Home › Vimpelcom drops plan to buy Wind Mobile
 

Keywords :   


Vimpelcom drops plan to buy Wind Mobile

2013-06-20 09:34:00| Telecompaper Headlines

(Telecompaper) Vimpelcom subsidiary Orascom Telecom has withdrawn its request to the Canadian government to acquire full control of Wind Mobile. Orascom said the move comes after a review process and that it will continue discussing with the government how to consolidate its interest in the operator. The company, which owns 65 percent of Wind Mobile, had been waiting for regulatory approval under the Investment Canada Act. Wind Mobile CEO Anthony Lacavera, who owns 35 percent of the company he founded, said that now that Vimpelcom has pulled back, he will seek to buy the rest of the company with help from the capital markets. Verizon and others are reportedly also considering acquiring the Canadian mobile operator.

Tags: buy plan mobile wind

Category:Telecommunications

Latest from this category

All news
»
06.10Hurricane Leslie Graphics
06.10Hurricane Kirk Graphics
06.10Hurricane Leslie Forecast Discussion Number 15
06.10Hurricane Leslie Wind Speed Probabilities Number 15
06.10Hurricane Leslie Public Advisory Number 15
06.10Summary for Hurricane Leslie (AT3/AL132024)
06.10Hurricane Leslie Forecast Advisory Number 15
06.10Hurricane Kirk Forecast Discussion Number 27
More »