18:02:53 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 833,285,866
Close 2014-10-27 C$ 49.11
Market Cap C$ 40,922,668,879
Recent Sedar Documents

Globe says Quebecor sees Wind's Lacavera step down

2014-10-28 08:00 ET - In the News

See In the News (C-QBR) Quebecor Inc

The Globe and Mail reports in its Tuesday edition after spending months hunting down new investors for Wind Mobile, Anthony Lacavera is stepping aside as chief executive officer of the wireless start-up. The Globe's Christine Dobby writes taking over is chief operating officer Pietro Cordova. Mr. Lacavera will remain chairman and continue to pursue strategic opportunities. Mr. Cordova has been leading day-to-day operations for the past two years. Wind is closing in on 800,000 subscribers and announced a deal last month for Mr. Lacavera's holding company to buy out the carrier's foreign owner, Amsterdam-based VimpelCom Ltd. "The recent regulatory challenge surrounding the unspecified national security concerns over the VimpelCom investment in Wind was almost fatal, but now we have successfully recapitalized Wind and it is on a solid, profitable growth track," Mr. Lacavera said in a written statement. The recapitalization gives it some breathing room, but Mr. Lacavera, who remains a shareholder, said he will continue to work on new business opportunities for the company. Quebecor, which may expand its Videotron Ltd. wireless business outside of Quebec, could be a potential partner for Wind.

© 2024 Canjex Publishing Ltd. All rights reserved.