VimpelCom drops bid to acquire Canada's Wind Mobile

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VimpelCom Ltd has withdrawn its bid to acquire control of upstart Canadian wireless company Wind Mobile, a majority-owned affiliate of the company said on Wednesday.

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Orascom Telecom, an Egyptian company that initially bankrolled Wind Mobile's operations in Canada and was later bought by Vimpelcom, said it withdrew the bid after a review process and discussions with the Canadian government.

 

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