WIND Mobile came into the Canadian marketplace with initial launch cities being first Toronto and Calgary, plans to launch in Edmonton and Ottawa are scheduled for next month. We spoke with Globalive CEO Anthony Lacavera last week when they surpassed the 5,000 subscribers… they are now upwards of surpassing 10,000 with targets of signing up 1.5 million within 3 years.
According to an article by Bloomberg, parent company Globalive Communications is in talks with banks to raise “several hundred” million dollars in debt to finance expansion in Western Canada and Ontario. Lacavera stated today “We need to accelerate our business plan. We’ve got to get that network built aggressively and stick with our model across the country as fast as possible.”
In addition to this news, Lacavera said they are considering an initial public offering in the future. “We do think there is a great opportunity but we’re long- term players. We’re not looking for a quick flip.”