VimpelCom drops bid to acquire Canada's Wind Mobile

Wed Jun 19, 2013 10:13am EDT
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June 19 (Reuters) - VimpelCom Ltd has withdrawn its bid to acquire control of upstart Canadian wireless company Wind Mobile, a majority-owned affiliate of the company said on Wednesday.

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.