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.