Wind Mobile adds almost 80,000 subscribers in Q4 2012; but it drags parent to a loss

TORONTO – Wind Mobile Canada’s parent company, Orascom, announced as part of its 2012 fourth quarter report today that Wind Mobile saw a 47% increase in its subscriber base in the last quarter of 2012 compared to the same period a year earlier. The wireless provider added 79,954 subscribers during the fourth quarter, increasing its active subscriber base to 590,438. “It was a banner year for us – our strategy to develop our postpaid customer base is clearly working,” said Pietro Cordova, Chief Operating Officer of Wind Mobile. However, due to a $339 million impairment charge incurred in forgiving the interest on...