WIND Mobile

VimpelCom exits Canada

Amsterdam-based carrier group VimpelCom and its investment vehicle Global Telecom Holding said Tuesday they have agreed to exit the Canadian market. The companies will offload their stake in Wind Canada to the controlling shareholder of the operator for C$135m.

Canada’s Public Mobile under new ownership

Canadian mobile operator Public Mobile has been acquired jointly by Toronto-based investment vehicle Thomvest Seed Capital, and Cartesian Capital, a New York-based private equity firm. Thomvest is now the company’s controlling shareholder and the two firms’ investment has taken Public Mobile to a cash flow positive position.

Canadian MNOs withdraw from CWTA over balance of power

Smaller operators and new entrants to the market appear to be growing increasingly frustrated by the power wielded by the industry’s big players. This trend was evident this week, as three of Canada’s smaller operators announced their withdrawal from industry body the Canadian Wireless Telecommunications Association (CWTA).

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