Orascom Telecom Studying Wind Mobile Canada’s Fate

Orascom Telecom Holding – OTH (ORTE.CA) stated on Thursday that it is studying the available alternatives whether to sell, merge or retain investments as regard to its Canadian subsidiary Wind Mobile. This comes in the light of developments in the Canadian telecom sector.

The company added that it announced in Jan 28,2013 and under the terms of the signed agreement that  Orascom will indirectly acquire all of AAL Corp.’s interest in Globalive Wireless Management Corp., which operates under the WIND Mobile brand in Canada upon obtaining certain necessary regulatory approvals.

Upon Completion of the transactions conversion of Orascom’s non-voting shares into voting shares  would result in Orascom holding an indirect 65.1% voting and economic interest in Globalive Wireless Management Corp.