Canada Frustrates Investors With ‘Calvinball’ Wireless Policy
This article is for subscribers only.
Anyone who wants to know how six years of concerted policy making by the Canadian government fell into disarray this week should ask Naguib Sawiris.
The Egyptian billionaire decided to bankroll Canadian wireless startup Wind Mobile in 2008, only to be hit with a multi-year battle over Canada’s foreign ownership laws that delayed Wind’s debut. Prime Minister Stephen Harper’s government ultimately overruled its own regulator in the interests of gaining a new wireless player.