Globalive Capital ramping up efforts to buy Shaw Communications’ Freedom Mobile

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Anthony Lacavera’s Globalive Capital is ramping up its efforts to buy back Shaw Communications’ Freedom Mobile, as Rogers seeks regulatory approval for its takeover of Calgary-based Shaw

In an open letter published on social media Wednesday, Mr. Lacavera urges Ottawa to ensure that the buyer of Freedom, which has about two million customers in Alberta, British Columbia and Ontario, is “truly independent.”that Globalive Capital Inc. has offered $3.75-billion for Canada’s fourth-largest wireless carrier. The bid has financial backing from a group of investors led by Twin Point Capital, a U.S.

Mr. Lacavera founded Wind Mobile in 2008, after acquiring wireless airwaves that Ottawa had set aside to encourage competition in the mobile market. In 2016, Wind was sold for $1.6-billion to Shaw, which renamed it Freedom Mobile. Mr. LacaveraMr. Lacavera is not the only suitor circling Freedom Mobile. The Globe hasthat Xplornet Communications Inc.

Innovation Minister François-Philippe Champagne has said that allowing Rogers to acquire all of Shaw’s wireless licences would be incompatible with Ottawa’s desire for competition in the sector.

 

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