WIND Mobile reiterates long-term commitment to Canadian marketplace

WIND Mobile reiterates long-term commitment to Canadian marketplace 
TORONTO, Oct. 22, 2012 /CNW/ - Today WIND Mobile announced that its 
shareholder Orascom Telecommunications, controlled by Amsterdam-based 
VimpelCom Group, plans to convert its non-voting shares to voting shares 
pursuant to provisions in agreements that have governed the company since 
inception. This right of conversion became effective upon key changes to 
Canada's foreign investment rules. 
This is purely an internal restructuring effected to simplify WIND Mobile's 
capital structure. In the absence of voting share restrictions formerly 
applicable to WIND Mobile, the non-voting shares were no longer necessary. 
This helps position the company as it continues to build Canada's 
fourth-largest carrier and offer consumers more choice and better value in the 
wireless marketplace. The decision has no impact on how WIND Mobile operates 
in Canada - the shareholders' agreement remains in place and unchanged. 
"VimpelCom Group and WIND Mobile remain committed to the Canadian marketplace 
and becoming Canada's fourth-largest carrier," said Tony Lacavera, Chairman 
and CEO of WIND Mobile. "Contrary to certain preliminary stories in the media 
this morning, while we're always considering our strategic options, the 
company is not currently engaged in any active merger discussion. One thing 
remains unchanged - our commitment to offering Canadians simple, fair and 
easy-to understand wireless plans at an affordable rate." 
About WIND Mobile
WIND Mobile is dedicated to improving the Canadian wireless experience by 
offering customers simple and transparent plans, including real unlimited 
voice/data/text with no term contracts and no hidden fees.Committed 
tobecoming the country's fourth national carrier,WIND has more than 
500,000 happy customersin Canadaand is a part of Amsterdam-based VIMPELCOM 
Ltd., a global company with over 200 million customers. Learn more about WIND 
Alexandra Maxwell Public Relations and Social Media Specialist, WIND Mobile 416-557-5709 
To view this news release in HTML formatting, please use the following URL: 
CO: WIND Mobile
ST: Ontario
-0- Oct/22/2012 17:47 GMT
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