Yandex NV, the Russian Internet company whose shares doubled last year, surged in New York after signing a partnership with Facebook Inc. that will boost the search engine’s access to public information.
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.
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.
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.
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.