DAVE sitting pretty now that CRTC is on the case

It must be great to be John I. Bitove, one of Canada’s best entrepreneurs.

He gets to open up the newspaper today, read about the challenges at Globalive, and wait for the phone to ring. One easy way for the Globalive wireless team to reduce their foreign content level is to bring in a domestic pension plan as a new equity partner to get Egypt’s Orascom below the 50% ownership threshold.

But the more synergistic way to pull that off is to merely buy Mr. Bitove’s DAVE Wireless and merge it into Globalive in an equity swap deal. The CRTC’s concern about foreign control would likely be solved in a flash.

Just a thought.

MRM