Globalive

Canadian businessman Anthony Lacavera revealed his Globalive businesses offered $3. 75 billion to Shaw Communications for its wireless unit, noting in an interview with Bloomberg it would allow the operator to abandon a delayed merger with Rogers.

Globalive signed a provisional network and spectrum sharing agreement with Canadian operator Telus, a move the former claimed reinforced its attempts to buy Shaw Communications’ wireless business Freedom Mobile.

Canadian operator Globalive said that Canadian mobile operators should be able to access foreign capital, in order to enable new players to participate effectively in a forthcoming 4G spectrum auction.

The Canadian authorities are set to auction two blocks of spectrum “once potential bidders have the available cash and foreign funding issues are clarified”, according to a Reuters report.

New Canadian operator Globalive – backed by Egypt’s Orascom and trading under the Wind Mobile brand – believes it will be the sole challenger to the country’s incumbent operators and could even acquire fellow rival start-ups.

New Canadian operator Globalive – backed by Egypt’s Orascom and trading under the Wind Mobile brand – is in talks with banks to raise money for expansion in an apparent effort to reduce reliance on billionaire Naguib Sawiris.

New Canadian hopeful Public Mobile plans to launch services in Toronto and Montreal in mid-May and has already opened 25 stores in the cities.