Will Globalive’s late changes satisfy CRTC?
- September 30, 2009
The fact that Globalive – one of four wireless startups hoping to challenge incumbents Bell Canada, Rogers Communications and Telus Corp. in the next few months – was making its second set of structural changes during the hearings is a sign of how much is at stake. According to telecom consultant Mark Goldberg, the most recent Globalive changes are “significant,” involving simplifying Globalive’s corporate structure, giving greater representation to Canadians on its board of directors, dropping certain Orascom shareholder rights, and removing negative covenants and indemnities in Orascom’s loans. However, it isn’t known if the changes will be enough for the commission, which has to ensure Globalive meets the conditions of the federal Telecommunications Act.
