Info Image

Globalive Capital & Partners Acquire All Vimplecom's Stake in WIND Mobile

Connected Car Image Credit: PCC Mobile Broadband

Globalive Capital, the investment company of WIND Mobile's Chairman and Chief Executive Officer Anthony Lacavera, today announced that it has acquired all of VimpelCom's direct and indirect debt and equity interests in WIND Mobile.

This acquisition was funded, in part, by a consortium of investors including West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity, and Novus Wireless Communications. Vimplecom in a statement said that Globalive Capital and other investment funds are acquiring the interest for approximately CAD 135 million, with the proceeds going to VimpelCom in repayment of part of the debt owed to VimpelCom. 

According to Globalive,  the move is a positive development for WIND Mobile and Canadian consumers, including WIND Mobile's 750,000 happy customers.

"With stable, long-term ownership and secure financing, WIND Mobile is moving into an exciting new phase. WIND Mobile is now poised to continue to bring True Mobile Freedom to Canadians for many years to come."

-        Anthony Lacavera, Chairman and CEO, Wind Mobile

"The federal government's delivery on its promise to create the conditions for viable long-term wireless competition has not gone unnoticed by the investment community. We and our partners are pleased to invest in this transaction and we are excited by the future of WIND Mobile."

-         Greg Boland, President and Chief Executive Officer of West Face Capital

NEW REPORT:
Next-Gen DPI for ZTNA: Advanced Traffic Detection for Real-Time Identity and Context Awareness
Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Telstra Buys Pacnet for $697 Million to Boost Enterprise Market Leadership in APAC

NEXT POST

Sprint Sells Off 900 MHz Spectrum Licences to Company Formed by Nextel Co-Founders