Anthony Lacavera News
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Telus Corp., Canada’s third-largest wireless carrier, is in talks to buy Mobilicity, one of four companies that sought to challenge the country’s incumbents under government moves to boost competition, according to a person with direct knowledge of the deal.
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Canada’s wireless industry needs more foreign capital to support emerging challengers to the country’s established carriers, Industry Minister Christian Paradis said.
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Orascom Telecom Holding SAE, an Egyptian wireless carrier, agreed to acquire shares of Canadian mobile phone startup Wind Mobile to gain voting control, the first test of the nation’s newly relaxed foreign-ownership laws.
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VimpelCom Ltd, an international mobile operator co-owned by Russian billionaire Mikhail Fridman and Norway’s Telenor ASA, may consider acquisitions to expand in Canada, its Chief Executive Officer said.
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BCE Inc. and Rogers Communications Inc. are building cash reserves and making strategic acquisitions as Canada’s biggest carriers prepare to spend as much as C$1.8 billion ($1.8 billion) on an auction of wireless spectrum critical to their growth.
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Canada must boost telecommunications providers’ access to foreign capital, the chairman of wireless phone company Globalive said, adding that not all of the country’s new carriers will survive.
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Globalive Communications Corp., a new Canadian mobile-service provider, said the country’s three main carriers are sitting on unused spectrum and shouldn’t be allowed to buy more airwaves in the next government auction.
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Globalive Communications Corp. said its Wind Mobile service added 100,000 wireless phone subscribers in the first half of 2010. Chief Executive Officer Anthony Lacavera spoke in a telephone interview today. Globalive, which began operations in Canada in December, reiterated it plans to add 1.5 million subscribers in the first three years, he said.
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Globalive Communications Corp., a recent entrant to Canada’s wireless market, will boycott the next government auction of spectrum unless frequency is reserved for new companies and its right to operate is sealed.
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Canada will loosen restrictions on foreign ownership in the telecommunications industry and reserve new airwaves for small carriers to attract investment from outside the country and spur competition.
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