Statement by Industry Minister James Moore on WIND Mobile

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 11/04/14 -- Today, Industry Minister James Moore made the following statement on AAL Acquisitions Corporation's application under the Investment Canada Act to acquire majority control of WIND Mobile, a wireless telecommunications company based in Ontario:

"AAL Acquisitions Corporation's application to acquire control of WIND Mobile has been approved.

Protecting consumers and increasing competition in the wireless market are priorities for our Government. Since 2008, our Government has made clear decisions to ensure Canada's telecommunications market is competitive so that Canadians benefit from more choice, lower prices and better service.

Foreign investment transactions are reviewed on their merits and the overall economic benefit for Canada. In making my determination, I concluded that this acquisition will contribute to a more robust and competitive wireless industry in Canada.

As a result of this review, AAL Acquisitions Corporation has agreed to the following commitments:

Industry Canada has also approved the spectrum licence transfer to AAL Acquisitions Corporation. This now concludes all Government of Canada regulatory approvals for this acquisition."

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Contacts:
Jake Enwright
Press Secretary
Office of the Minister of Industry
613-995-9001

Media Relations
Industry Canada
613-943-2502

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Bereitgestellt von Benutzer: Marketwired
Datum: 04.11.2014 - 21:00 Uhr
Sprache: Deutsch
News-ID 349657
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OTTAWA, ONTARIO

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Government & Administration

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