Archive for January 2010

  • Canadian mobile uptake to speed up: Orascom

  • January 20, 2010
  • Canada may reach 100 per cent mobile phone uptake within the next decade, matching rates now seen in most of the world, according to Wind Mobile backer Orascom Telecom Holding. “Passing 100 per cent is a matter of when not if,” Khaled Bichara, chief executive officer of Egypt-based Orascom, told Bloomberg News on Tuesday.

  • Globalive on hunt for cash to expand Wind Mobile

  • January 18, 2010
  • Globalive Communications Corp. is seeking a fresh injection of cash to finance the expansion of the company’s Wind Mobile wireless business across Canada. Globalive plans to raise “several hundred million” dollars from the financing, company chairman and chief executive officer Anthony Lacavera said in an interview yesterday, though the financing could be as much as $700-million according to industry estimates.

  • Globalive looks to raise ‘millions’

  • January 15, 2010
  • Toronto-based Globalive — the parent company of Wind Mobile — said Friday it is in talks with U.S. and international banks to raise “several hundred million dollars” in the rollout of its new wireless phone service in Canada. CEO Anthony Lacavera said he also hopes to entice Canadian banks to invest in its growth. “We are hopeful we can bring some Canadian capital into the picture,” Lacavera said.