Providence Equity Partners tipped to make an investment in WIND Mobile

The saga to become Canada’s fourth national wireless player continues. The latest report, courtesy of Bloomberg, suggests that US-based Providence Equity Partners Inc., is considering investing an unknown amount into WIND Mobile. Providence has previously invested in Univision, VoiceStream (now T-Mobile US), Warner Music Group, Western Wireless, and is part owner of Brampton-based Q9 Networks Inc.

The finer details of the rumoured investment were not made public, nor the intentions of how the investment will be spent. Representatives from WIND Mobile, VimpelCom and Providence declined to comment on the report.

During the 2014 Telecom Summit, CEO Anthony Lacavera said that WIND Mobile has over 735,000 active subscribers, which represents less than 3% of the wireless market in this country. WIND’s postpaid ARPU (average revenue per customer) is currently sitting at $38 per month.

Source: Bloomberg