Wind ownership transfer pulled off the table; Lacavera says there's a play to be made here

OTTAWA - Orascom Telecom announced Wednesday it has withdrawn its application for Investment Canada Act approval of its acquisition of control of Wind Mobile Canada. Back in January, Orascom announced it would take full control of the nascent Canadian wireless company in a deal which would have seen company CEO Tony Lacavera transfer all of his shares to the foreign owner and resign as CEO. The agreement followed changes to the foreign investment rules by the federal government that frees up telecom companies with less than 10% market share to have no restrictions on foreign ownership. VimpelCom subsidiary Orascom owns...