Correspondent, Toronto, Canada
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Jun 18, 2014
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Jun 17, 2014
Jun 17, 2014

Canada’s Wind Mobile nears break-even, sees 2015 profit

TORONTO, June 17 (Reuters) – Canada’s Wind Mobile is close
to breaking even on a cash-flow basis and expects to turn a
profit by 2015, its CEO said on Tuesday, improving its chances
of raising much-needed capital as it strives to become the
country’s fourth national wireless carrier.

Anthony Lacavera, chief executive of Globalive, which
controls Wind Canada with the backing of Russian-led Vimpelcom
Ltd, said the company has been signing up record numbers
of new customers and only the cost of doing so at a discount is
standing in the way of profitability.

Jun 17, 2014
Jun 17, 2014
    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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