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Russia's VimpelCom Buys Wind Mobile in Canada

silverpig (814884) writes | more than 3 years ago

Canada 0

silverpig (814884) writes "Wind Mobile's CEO and Chairman Tony Lacavera announced on the wind mobile site that VimpelCom has decided to purchase Wind Telecom for $6 billion. The deal should go through by the middle of this year and may give Canadians cheaper international and roaming rates, as well as giving Wind some extra leverage with its suppliers and handset manufacturers.

The deal is particularly interesting as Wind is one fo the new entrants into the Canadian wireless operator industry and has had to deal with issues regarding Canada's foreign ownership rules. Expect a lot of scrutiny from the CRTC, Bell, Telus, and Rogers."

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