Mammoth merger: Two telecom titans become one, with Wind Mobile in the mix

Posted by Knowlton Thomas

Russian mobile telephone operator VimpelComp's shareholders today voted in favour of a $6-billion deal that will see them acquire Wind Telecom, whose assets include Orascom Telecom, who is in turn a significant shareholder of Wind Mobile. 

The deal is expected to close within the first half of this year, according to Anthony Lacavera, chairman of WIND Mobile.

Anthony wrote in a blog post that this would "create the world’s fifth largest mobile operator by subscribers" with over 173 million.

The chairman says that the merger is good news for Wind Mobile. "Our partner, Orascom, will be even larger and stronger as a financial partner. This gives us more leverage and increased scale with telecom network equipment manufacturers and more importantly, for devices including handsets and tablets. This will also give us more access to international cooperation for roaming and long distance services. All of that means the ability to deliver even more value to all of our customers."

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more




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