Cable & Telecom

UPDATED: Wind Mobile says it’s business as usual after VimpelCom writes off its Canadian investment

TORONTO – Wind Mobile’s future appears cloudy after its Amsterdam-based financial backer wrote off its investment in the five-year old Canadian wireless company.VimpelCom announced the write down with its Q4/13 results early Thursday morning.  The global telco reported a 2013 net loss of USD $1.4 billion that it attributed to non-cash impairments of USD $3.0 billion mainly related to its assets in Canada and Ukraine.  “The company fully impaired its assets in Canada, mainly relating to the challenges the company is facing in the country, which resulted in the strategic decision to withdraw from the 700 MHz spectrum auction and the...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.