August 6, 2014 12:07 pm
Coming off its best quarter ever, WIND has reported another strong three month period net additions of 38,875 subscribers to 741,000. Average revenue per user (ARPU) also increased to $31.60/month, an increase of $0.60 the previous quarter.
While VimpelCom, WIND Mobile’s parent company, did not state what led to the increases, Canadian Chairman Tony Lacavera told us in June that there was great momentum in the carrier’s Unlimited US plan which, along with improvements in domestic coverage, offered customers a more compelling network experience.
According to recent rumours, VimpelCom, which owns approximately 65% of WIND’s Canadian, has valued the new entrant at $300 million. US-based Providence Equity Partners Inc., was also recently tipped to make an investment into WIND Mobile.
Industry Minister James Moore recently announced the AWS-3 spectrum auction, aimed at building a “sustainable wireless market” in Canada. Scheduled for early next year, the auction includes 50Mhz of paired spectrum, 60% of which is being set aside for carriers with less than 10% national and 20% provincial market share in each region they operate. WIND and Quebec-based Videotron are currently the only newer carriers with the financial means of buying that spectrum under the government’s rules in certain parts of the country. The auction will take place before the 2500 MHz auction in April 2015.
Source: VimpelCom (PDF)