Canadian wireless services provider Wind Mobile has bought 30 megahertz of new wireless spectrum in the government’s recent auction. According to Industry Canada, the company paid $56.4 million for the assets. Wind Mobile said the purchase will enhance its network and boost performance for subscribers. Last September, Globalive Capital, the investment vehicle of Wind Mobile Chairman Anthony Lacavera, acquired Vimpelcom Ltd‘s stake in the company with the financial support of West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity and Novus Wireless Communications.
WIND Mobile celebrates new wireless spectrum acquisition
WIND Mobile to move forward with LTE service and network expansion
TORONTO, March 6, 2015 /CNW/ – WIND Mobile, Canada’s fourth largest wireless services provider, says today’s announcement that it has won 30MHz of critically-important wireless spectrum in the government’s recent auction will enable WIND Mobile to greatly enhance its network and will significantly boost performance for its subscribers.
“This is tremendous news for WIND Mobile and our fantastic customers, and it’s exciting news for all Canadian mobile users, who will now benefit from true competition in wireless services for years to come,” said Anthony Lacavera, Founder and Chairman of WIND Mobile. “This much-needed spectrum will enable WIND Mobile to launch LTE and helps level the playing field against the Big Three national carriers.”
“The federal government made a clear, strong commitment to fostering greater competition in the wireless industry, and should be commended for delivering on that promise,” added Simon Lockie, Chief Regulatory Officer of WIND Mobile. “Prices have already come down significantly since we launched back in 2009. Since then, we have invested heavily to create a strong wireless network covering over 15 million Canadians.”
“WIND Mobile now has well over 800,000 happy customers, and this new wireless spectrum secures our long-term commitment to providing Canadians with true choice, value, and mobile freedom,” Lacavera said.
About WIND Mobile
WIND Mobile is dedicated to improving the Canadian wireless experience by offering customers simple and transparent plans, including real unlimited data/voice/text with no-term contracts and no hidden fees. Committed to being Canada’s 4th largest carrier, WIND has more than 800,000 happy customers in Canada. Learn more about WIND Mobile at WINDmobile.ca or follow online at facebook.com/WINDmobile or twitter.com/WINDmobile.
SOURCE WIND Mobile
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