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Global Telecom, Vimpelcom to divest Wind Canada stake

Global Telecom, Vimpelcom to divest Wind Canada stake
Global Telecom
GTHE
5.59% 1.89 0.10
Global Telecom Holding (GTH) and Vimpelcom Ltd announced reaching an agreement to sell their stake in Canadian wireless carrier Wind Mobile to Globalive Capital and a group of investment funds for about C$135 million ($122 million).
Globalive, which is the controlling shareholder of Wind Canada, will buy all of Vimpelcom and GTH’s debt and equity interest in Wind Canada, Vimpelcom and GTH said in a statement on Tuesday.
GTH had logged $130.256 million loss in H1-14, narrowing 42.4% from $226.334 million loss in the same period a year earlier.