Correspondent, Toronto, Canada
Alastair's Feed
Sep 16, 2014

Montreal startup taps crowdfunding for virtual reality headset

TORONTO, Sept 16 (Reuters) – A tiny Montreal company is
turning to crowdfunding in hopes of moving its virtual reality
headset from a working prototype to a mass produced rival to
products from Facebook, Samsung and Sony.

Vrvana Inc aims to raise C$350,000 ($318,000) via website
Kickstarter to make the first 1,000 units of its Totem headset,
it said ahead of the month-long campaign’s launch on Tuesday.

Sep 16, 2014

Canada’s Globalive buys Vimpelcom’s Wind Mobile stake

TORONTO (Reuters) – The investment company of Wind Mobile’s founder confirmed it would buy Vimpelcom Ltd’s (VIP.O: Quote, Profile, Research, Stock Buzz) majority stake in the young Canadian wireless company, promising a fresh boost of capital as it seeks to cement its place as a major national player.

The deal, subject to regulatory approval, includes the purchase of Vimpelcom’s direct and indirect debt and equity interests in Wind, Globalive Capital said on Tuesday.

Sep 15, 2014

Vimpelcom to sell Wind Mobile stake to Canadian minority owner – sources

TORONTO, Sept 15 (Reuters) – Vimpelcom Ltd has
agreed to sell its majority stake in Canadian wireless carrier
Wind Mobile to its current minority owner Globalive for around
C$300 million ($272 million), two sources with knowledge of the
matter said on Monday.

One of the sources said the transaction would be partly
funded by an investor group led by Canadian hedge fund West Face
Capital Inc and include California-based private equity firm
Tennenbaum Capital Partners.

Sep 15, 2014
Sep 15, 2014
Sep 13, 2014
Sep 13, 2014

South Asian women step out of Bollywood, into serious dramatic roles

TORONTO, Sept 13 (Reuters) – A trio of films stepped beyond
Bollywood song-and-dance to show South Asian women grappling
with male-dominated sport, child marriage, and sexual desire of
people with disability in their premieres at the Toronto Film
Festival.

While the stories told vastly different tales, all sought to
challenge their home audiences and provoke change. Two of them
used established Indian stars to do it.

Sep 11, 2014
Sep 11, 2014

Canada securities watchdogs unveil new takeover rule proposals

TORONTO, Sept 11 (Reuters) – Canada’s provincial securities
regulators said on Thursday they have agreed to a unified
approach for handling hostile takeover bids that would give the
boards of target companies more time to respond and investors
more say.

Under the proposals, hostile bidders would be able to buy
shares only after a majority of outstanding shares not held by
them had been tendered to the offer. Bidders would also have to
keep the offer open for 10 days after announcing that
requirement had been reached.

Sep 11, 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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