WIND Mobile finances USD425m to enhance network, deploy LTE

US-based Q Advisors said that Canada-based WIND Mobile Corp. has completed a new senior debt facility that allows up to USD425 million of total financing to support its plans for network enhancement and the deployment of LTE.

The facility consists of multiple tranches to fund both operational growth and network expansion.

The transaction was backed by a syndicate of banks with Toronto Dominion Bank, Bank of Montreal, and CIBC acting as co-lead arrangers. Additional backing was secured from Finnvera, the export credit agency of Finland, to support network purchases and services provided by Nokia.

Q Advisors LLC is a world-class global boutique investment bank formed in 2001 serving public and private companies, PE firms, entrepreneurs and large multi-nationals in the telecom, media, and technology (TMT) sectors.

WIND Mobile is Canada´s alternative wireless carrier, dedicated to bringing affordable wireless service to Canadians by offering simple and fair unlimited plans with o overage charges and no hidden fees.