INTEREST IN WIND MOBILE GROWS

Aug 02, 2013

By Michael Kramer

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This may affect you if you’re a Wind Mobile subscriber…

There’s a report  that Toronto-based private capital company Birch Hill Partners  is working on a plan to buy a controlling stake of Wind Mobile – one of Canada’s financially struggling wireless carriers.

Birch Hill is reportedly  working with Rogers Communications – which would provide some funding -but not get an equity stake in Wind.

There’s also word that the board of directors of Wind’s majority owner, VimpelCom Ltd. is  set to meet next week and is said to be considering offers to buy the Canadian company.

In addition, telecommunications giant Verizon is reported to be ready to discuss Wind at a meeting of its directors next week.

Canada’s three biggest wireless carriers – Rogers, Bell and Telus, have complained that they should not be denied equal treatment with Verizon or other foreign companies bidding  for Wind or other small wireless networks.

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