It’s Official: Globalive Capital Acquires WIND Mobile

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In line with previous reports, Globalive Capital, the investment company owned by WIND Mobile CEO Anthony Lacavera, announced today that it has acquired all of VimpelCom’s direct and indirect debt and equity interests in the fourth-largest wireless player in Canada, for an undisclosed amount.

The announcement also confirmed that Globalive has managed to seal the deal by partnering up with a consortium of investors including West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity, and Novus Wireless Communications.

Wind Mobile has emerged as Canada’s fourth-biggest wireless player, as it has 750,000 subscribers and counting. Earlier this year, when Lacavera announced the company’s earnings, he emphasized Wind Mobile’s need for more spectrum in order to grow to profitability.

“With stable, long-term ownership and secure financing, WIND Mobile is moving into an exciting new phase,” said Mr. Lacavera. “WIND Mobile is now poised to continue to bring True Mobile Freedom to Canadians for many years to come.”

“The federal government’s delivery on its promise to create the conditions for viable long-term wireless competition has not gone unnoticed by the investment community,” said Greg Boland, President and Chief Executive Officer of West Face Capital. “We and our partners are pleased to invest in this transaction and we are excited by the future of WIND Mobile.”

The deal is subject to regulatory approval, but we don’t foresee any obstacles, since the deal isn’t one of the incumbents’ acquisitions.

Technology enthusiast, rocker, biker and writer of iPhoneinCanada.ca. Follow me on Twitter or contact me via email: istvan@iphoneincanada.ca

  • Kerry Swartz

    Wind works beautifully in the US but to remain competitive, going into a grocery store in Vancouver shouldn’t cause your phone to loose its signal. Terrible coverage and plenty of dead zones with Wind Away.

  • Al

    Wind has a LOT of growing to do. I have the same issue with Rogers when it comes to absolutely no signal in grocery and other stores in my area. I’m switching back to Bell next week as they provide far superior reception in this area (as does Telus). Living in an “Away” zone, Wind is not cost effective or high enough quality.

  • jabohn

    I have the same issue with Bell. If I go into a large store like Superstore, the signal drops to almost nothing.