Lacavera says Globalive not about to slow down

TORONTO – Despite the wild, scary ride the global economy has been taking us all on this year, wireless newcomer Globalive is well-financed and going full speed ahead, said its CEO, Anthony Lacavera, an investors conference in Toronto last week. Recognizing that “the market would not allow external financing right now,” Lacavera told the Scotia Capital Markets Telecom and Technology investors day that Globalive’s wireless venture is well-funded by co-owner Orascom – a global wireless player based in Egypt with over 77 million wireless subscribers. Globalive can count on up to $700 million from its corporate partner, said Lacavera, with...