Article content

Wind Mobile’s foreign owner is putting the company up for sale and any number of bids for Canada’s biggest wireless startup could start rolling in as soon as Friday.

VimpelCom Ltd., the company’s Amsterdam-based owner, has started the process to sell its interest in the Canadian operation, according to Canaccord Genuity analyst Dvai Ghose, who cited “several sources” in a note Thursday.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Wind Mobile to go on block with founder eyeing bid: sources Back to video

Bobby Leach, a spokesperson for the foreign conglomerate, said the company would not comment on the analyst’s note.

“We’re a listed company. If any such major exercise were contemplated, we’d have to make a stock exchange announcement,” he said.

However, a separate source confirmed to the Financial Post that the process is underway and VimpelCom is accepting initial bids Friday.

The source said Anthony Lacavera, the Toronto-based entrepreneur who started the carrier, is one of the interested bidders and that he plans to partner with one of his former backers.