In a exclusive interview with the Globe and Mail published yesterday, Naguib Sawiris, Executive chairman of Orascom Telecom Holding SAE and Weather Investments SpA has called Canada a telecom backwater.
For those that don't know, Orascom Telecom Holding S.A.E is an Egyptian corporation which operates wireless networks in the Middle East, Africa and Asia and holds a 65% interest in Wind Mobile.
In his interview with the Globe and Mail, Mr. Sawiris calls Telus Mobility, Bell Mobility and Rogers Wireless a "joke," and says that two of the three companies have already tried to buy Wind Mobile from Oracom for a "very significant profit."
Although Digital Home can be a fierce critic of the CRTC and Industry Canada, we respect democratic institutions and the decisions made by those institutions even when we disagree. Our belief is that telecom companies operating in this country should respect those institutions and strive to work within the laws of this country.
We can only assume that Mr. Sawiris is used to operating in countries autocratic regimes (North Korea, Egypt, Algeria) or countries whose democratic rule comes through support from the military (Pakistan) so perhaps he is not used to the fact that in democracies, things operate much differently.
At Digital Home, we want to see more competition because it benefits our economy and consumers, however, we want competitors that respect the rule of law and Canadian institutions.
If Wind Mobile considers Canada a backwater, then perhaps it’s time for Wind to sell out for that big profit and invest the proceeds in a country whose political institutions are more to its liking.
Discuss Wind Mobile’s majority owners thoughts in Digital Home's Canadian Wireless forum .
-- Hugh Thompson Digital Home Blog