Wind Mobile CEO not interested in selling company; challenges notion that financial backer will not fund possible Mobilicity acquisition
Wind Mobile Chief Executive Officer Anthony Lacavera is not interested in selling the company, reported The Globe and Mail on 28 December.
In the item from the newspaper's Report on Business section, Lacavera noted that, despite the more-challenging-than-expected battles with incumbents in the wireless sector, he does not want to sell out.
Lacavera also took exception to market speculation that Wind Mobile's financial backer, Amsterdam, Netherlands-based VimpelCom, does not want to fund Wind Mobile's efforts to acquire Mobilicity or its strategy to bid on further spectrum during next month's auction. According to the report, Lacavera said that the critics have no real knowledge as to what VimpelCom's plans actually are. He added that VimpelCom now occupies a "spectacular position" since Wind Mobile's smaller rivals "are dead," consumers happen to be "lined up against incumbents" and Wind Mobile has a "stable network" with plans to ultimately boost its market share long-term to up to 15% from 3%.
Source The Globe and Mail