Wind Mobile is poised to grow, but its owner still wants to sell. With 741,000 registered subscribers reported for the second quarter of 2014, Wind Mobile’s subscriber base has grown 20% compared to the same period a year ago, Global Telecom Holding SAE, a VimpelCom subsidiary, reported today (via the Financial Post).
The average revenue per user is also growing: As of Q2, it stands at $31.60, up 1.9% compared to the previous quarter and 11.7% compared to a year prior.
But these numbers don’t seem to be impressing its owner, VimpelCom, as the company has already written down its investment to zero and is seeking an exit from the Canadian market.
Speaking on a conference call Wednesday with analysts, VimpelCom chief executive Jo Lunder said the company is looking at a range of options for Wind and is aiming to “create as much value for shareholders as possible,” according to Bloomberg News.
Actually, Wind Mobile remains the most viable of the wireless startups that launched after 2008, although it is up for sale for an alleged $300 million — a price tag mentioned in previous reports. Mobilicity has been under bankruptcy protection for almost a year now, and Public Mobile is now part of Telus.
It’s a fact: Wind Mobile is hungry for cash as it seeks growth, but as we have noticed lately, there are a handful of interested parties ready to buy out the carrier or make an investment. Quebecor is apparently one of them, as the Montreal-based carrier is in talks with multiple parties in regard to future expansion plans.
Although the government has made a move toward putting cap on domestic roaming fees, there are other factors that could influence the sale of Wind, and this includes the government, which — as we could witness — has the power to grant or reject the sale of wireless spectrum.