Financials and ownership structure of selected new wireless players
| COMPANY | EQUITY STRUCTURE | DEBT-TO-EQUITY RATIO | MARKET CAP (billions) | EMPLOYEES | CURRENT SERVICE AREA | OWNERSHIP |
| Videotron Inc. | public | 4.5:1* | $1.2 | 4,500 | national | Quebecor Inc. (100%) |
| Wind Mobile (formerly Globalive Communications Corp.) | private | N/A | not applicable | 180 | not yet operating | Wind Mobile (67%); Orascom Telecom Holding SAE (33%) |
| Data and Audio-Visual Enterprises (DAVE) Wireless Inc. | private | N/A | not applicable | 35 | not yet operating | Data and Audio-Visual Investments Inc. (67%); Orange II LLC (15%); Quadrangle Capital Partners II LLP (18%) |
| Shaw Communications Inc. | public | 1.3:1 | $8.1 | 10,000 | not yet operating | Shaw Communications Inc. (100%) |
| SaskTel | private | 0.27:1 | N/A | 5,000 | Saskatchewan | Province of Saskatchewan |
| Manitoba Telecom Services Inc. | public | 0.68:1 | $2.3 | 6,000 | Manitoba, Ontario | Manitoba Telecom Services Inc. (100%) |
| Bragg Communications Inc. | private | not available | N/A | not available | not available | Tindish Holdings Ltd. (79.96%); John Bragg Family Trust (20.04%) |
| Novus Wireless Inc. | private | not available | N/A | 40 | not yet operating | 2503161 British Columbia Ltd. (owner, Terence Hui) (100%) |
| Blue Canada Wireless Inc. | private | not available | N/A | not available | not available | Michael Gelfand (51%); Brian Gelfand (39%); Alan Williams (10%) |
| Celluworld Inc. | private | not available | N/A | not available | not available | Abraham Finkel (50%); Simon Neuhauser (50%) |
| Rich Telecom Corp. | private | not available | N/A | not available | not available | Ahmad Mahmoud Abdalla ?? 100% |
| *Quebecor: “Quebecor Inc.’s debt:equity ratio was 4.5:1 or 82:18 at the end of Q1/09. However, please note that this figure is abnormally high due to the depressed book value of shareholders?? equity related to the write-off of Quebecor World last year and a large write-off in the Newspapers segment in Q4/08. Also, keep in mind that the AWS spectrum is owned by Quebecor Media [debt-to-equity ratio of 2:1], not Quebecor Inc.” ?? Sanford Lee, Associate, Equity Research, Genuity Capital Markets | ||||||
| Source: Genuity Capital Markets | ||||||
