Is he nuts? Bay Street speculating on a "second Wind" by Sawiris

TORONTO – With outgoing Wind Canada CEO Tony Lacavera having told Cartt.ca that he loves auction rules set by Industry Canada because it shows the federal government is committed to seeing a fourth national wireless player emerge strongly, Bay Street is now wondering if Lacavera’s former backer, Egyptian billionaire Naguib Sawiris, will risk diving deeper into the Canadian wireless market. Scotia Capital analyst Jeff Fan wrote in a research note to clients last week that there are numerous reasons not to invest in the Canadian wireless market, yet “we understand (Sawiris) and his team are evaluating Canada’s prospects again,” wrote...