Former Orascom Telecom chairman Naguib Sawiris said in an interview that he regrets ever getting involved in Canada. WIND Mobile’s parent company Globalive received substantial financing from Orascom to help it launch in 2009. Orascom’s investment resulted in lengthy legal issues for the new Canadian carrier over its ownership status, first delaying its launch and then causing uncertainty over its […]
Foreign ownership
WIND Mobile ownership ruling headed to Supreme Court of Canada
WIND Mobile’s legal saga over its ownership status is headed to the Supreme Court after Public Mobile made good on intentions first announced back in June. Public Mobile filed an appeal motion last week just days ahead of a deadline to do so. It claims that the government “acted on faulty legal assumptions when in late 2009 Cabinet reversed a […]
Public Mobile to appeal Globalive ruling to Supreme Court
The ink is barely dry on the Canadian Federal Court of Appeal’s ruling that Globalive meets Canadian foreign ownership rules that Public Mobile, the rival that launched the court case, has confirmed it will appeal the ruling to the Supreme Court. “There have been five different decision makers in this process with a flip-flopping of the decision each time,” said […]
No decision yet on telecom foreign ownership from new Canadian Industry Minister
With a majority now in hand, Canada’s Conservative government is expected to have an easier time moving forward with its political agenda. One item garnering attention this week is how the government will move forward with easing foreign ownership rules in the telecommunication sector. It had first announced this intention more than a year ago. New Industry Minister Christian Paradis […]