Fongo Makes Public Offer to Acquire WIND Mobile

Company Pledges to Leverage WIND Mobile's Assets to Provide a Truly Innovative 
Wireless Option to Canadians 
WATERLOO, ON, March 27, 2013 /CNW/ - Fongo Inc., Canada's fastest growing 
mobile telecommunications company, today announced it is making a bid to 
acquire WIND Mobile, the Toronto-based wireless carrier. 
Launched in late 2009 with backing from Egyptian-based Orascom Telecom, WIND 
Mobile was the first of several new wireless entrants to attempt to jockey for 
position in Canada's wireless industry. Orascom is now controlled by 
Dutch-based VimpelCom, who signalled its interest in selling WIND Mobile 
earlier this year. In October, the Financial Times reported that in addition 
to selling-off non-core assets in Canada, VimpelCom is also looking to dispose 
of its non-core assets in Sub-Saharan Africa, Laos, and Cambodia. 
"WIND Mobile has done a fantastic job of signing up some of the most forward 
thinking mobile consumers in the country and has taught Canadians that there 
can be alternatives to traditional wireless service," said Jody Schnarr, CEO 
of Fongo Inc. "By combining WIND's wireless assets with Fongo's proven ability 
to deliver innovative mobile solutions, Canadians will have true choice and a 
service that is radically different from anything else out there." 
Since February 2012, over 250,000 Canadians have signed up for Fongo's free 
mobile phone service. Fongo provides a free phone number, unlimited free 
messaging, and unlimited free calling across Canada through a mobile app that 
can be downloaded onto any iPhone, iPod touch, or Android phone, regardless of 
carrier. Many WIND Mobile customers are already using Fongo paired with WIND 
Mobile data to maximize their savings. 
"Fongo has accomplished what everyone told us was impossible—we figured out 
how to make mobile calling not only free, but profitable," said Dave Bullock, 
president of Fongo. "We re-imagined how a mobile calling service should work, 
and the result is saving each of our customers hundreds of dollars a year off 
their mobile bill." 
Currently, WIND Mobile's network coverage is limited mainly to Ontario, with 
pockets of coverage in Calgary, Edmonton, and Vancouver. As part of the 
proposed acquisition, Fongo plans to immediately extend the WIND Mobile 
service offering across the country to mirror Fongo's coast-to-coast free 
calling network. Current WIND Mobile customers would be transitioned to Fongo 
over the course of 12 months. 
Fongo plans to retain the majority of WIND Mobile's employees, but has pledged 
to re-think many aspects of the business. "The modern consumer wants to 
purchase online, receive streamlined service, and pay only for services they 
use," added Bullock. "The concept of paying $8 a month for voicemail, or being 
forced to buy airtime minutes when you really only want a data plan—these 
are outdated ideas that simply exist because 'that's the way it's always been 
Backed by venture capital investment and funding from the Government of 
Canada, Fongo has pledged to match its unique free calling service with 
equally innovative and disruptive offerings for wireless data. Fongo's offer 
submitted to WIND Mobile proposes a $1 purchase price and a 49% equity 
ownership stake in Fongo. 
"This story should not end with WIND Mobile being absorbed by one of the 
incumbent telecommunications companies in Canada," added Bullock. "And it 
certainly shouldn't end with WIND Mobile being sold to yet another foreign 
owned telecom conglomerate. Canadians deserve a Canadian owned carrier that 
provides a true alternative solution." 
About Fongo
Fongo is disrupting the mobile communications world with one simple concept: 
Free. Customers save hundreds of dollars per year with free calling, free 
messaging, a free phone number and free premium services delivered via a rich 
content mobile media platform. For more information visit 
Media Contact Jacqui Murphy VP Marketing, Fongo Inc. 
SOURCE: Fongo Inc. 
To view this news release in HTML formatting, please use the following URL: 
CO: Fongo Inc.
ST: Ontario
-0- Mar/27/2013 14:29 GMT
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