Wind founder announces potential bid for Mobilicity

6 Jun 2013

The founder and CEO of Canadian cellco Globalive Wireless (Wind Mobile), Anthony Lacavera, announced yesterday that his company is interested in buying Mobilicity, after Industry Minister Christian Paradis earlier in the day blocked the proposed purchase of Mobilicity by large incumbent operator Telus by vetoing the transfer of wireless spectrum. Lacavera was quoted by Reuters as saying: ‘Our past offers for Mobilicity stand and we look forward to having ongoing discussions with them.’ He noted that Wind had done due diligence on Mobilicity around a year ago, and that the government’s clarification on spectrum transfers (also announced yesterday) had ‘reinvigorated’ the aim of growing Wind into a fourth national carrier. He admitted: ‘The value in Mobilicity for us is the spectrum. Unfortunately there’s very little value in the network or the subscribers.’

Lacavera’s original fellow investor in Wind, Egyptian tycoon Naguib Sawiris, last month struck an agreement via his investment group Accelero Capital Holdingsto buy Canadian full-service telco MTS’ long-distance division Allstream.

Lacavera is in the process of transferring his ownership stake in Wind to Russian-backed parent group Vimpelcom, but it was reported in March that Lacavera had proposed a joint offer with Sawiris/Accelero to buy back Wind from Vimpelcom.

Canada, Freedom Mobile, Mobilicity, VEON