Globalive
{{Short description|Canadian communications company}}
{{infobox company
| name = Globalive Capital Inc.
| logo = Globalive logo teal icon grey wordmark.png
| caption =
| type = Private
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{sda|1998}}
| founder = Anthony Lacavera
| defunct =
| location_city = Toronto, Ontario
| location_country = Canada
| area_served = Canada and United States
| key_people = Anthony Lacavera (founder and chairman)
Brice Scheschuk (CEO)
| industry = Telecommunications
| owner =
| num_employees =
| subsid = Globalive Capital
Globalive Ventures
Globalive Media
| homepage = {{url|globalive.com}}
| footnotes =
}}
Globalive Capital Inc. is a Canadian telecommunications and investment company founded in 1998. It is based in Toronto, Ontario. Globalive is best known for its telecommunication businesses like Freedom Mobile (formerly known as Wind Mobile), Yak Communications, and OneConnect.
The company, Globalive Inc., was founded in 1998, investing in businesses, primarily in technology, media, and telecommunications companies based in Canada and the United States. It holds investments in over 125 private companies including Stackadapt, Zoocasa, and Xanado.[https://www.globalive.com/ About Globalive]. Globalive. Retrieved August 8, 2015
History
=1998–2007=
Globalive Communications
Anthony Lacavera started Canopco in 1998, a communication company in the hospitality industry.{{cite web |last1=Avery |first1=Simon |title=The New Players |url=https://www.theglobeandmail.com/news/national/the-new-players/article1205947/ |website=The Globe and Mail |access-date=28 June 2022 |language=en-CA |date=12 December 2009}} In January 2000, Lacavera also launched InterClear, a billing and collection service. In January 2002, Lacavera launched his third product, Assemble Conferencing. All three businesses were consolidated in January 2003 as Globalive Communications.
Enunciate Conferencing
Globalive co-founded Enunciate Conferencing in 2000, a fast-growing event conferencing service provider, which was divested to Premiere Global Services.[http://www.businesswire.com/news/home/20060908005157/en/Premiere-Global-Continues-Investment-Strategy-Acquisition-Enunciate#.Va5hhPlVhBc Premiere Global Continues Investment Strategy with Acquisition of Enunciate Conferencing and Repurchase of 5% of Its Shares Outstanding Year-to-Date]. Business Wire. September 8, 2006
OneConnect
Globalive founded OneConnect in 2003, which became one of Canada's largest independent business telecommunications providers, selling to small and medium-sized businesses in the hospitality, retail, franchise, security, real estate and medical industries.[http://www.oneconnect.ca/about-us About us] {{Webarchive|url=https://web.archive.org/web/20150722041533/http://www.oneconnect.ca/about-us |date=2015-07-22 }}. OneConnect. Retrieved July 21, 2015
Yak Communications
In 2006, Globalive acquired Yak Communications Inc. in an all-cash offer of US$67.7 million, and has since grown the company to a leadership position in residential communications services, adding Digital Home Phone and internet service to its established long-distance calling services.[http://www.cbc.ca/news/business/yak-communications-agrees-to-67-7m-us-friendly-takeover-1.596807 Yak Communications agrees to 67.7M US friendly takeover]. CBC News. September 21, 2006
Pragmatic
Globalive co-founded Pragmatic Solutions in 2007, a conferencing and collaborations company specializing in audio, web, and video conferencing. Pragmatic has grown into one of North America's conferencing providers, with $7.5 million in annual revenue.{{cite web|url=http://thinkpragmatic.com/about-pragmatic|title=About Pragmatic|website=www.thinkpragmatic.com|access-date=July 21, 2015|archive-date=March 18, 2015|archive-url=https://web.archive.org/web/20150318234512/http://thinkpragmatic.com/about-pragmatic|url-status=dead}}
=2008–present=
WIND Mobile
Globalive founded WIND Mobile in 2008. WIND Mobile made a bid of $442m (CAD) to secure the wireless spectrum required for the launch of the WIND Mobile network in Canada, with the backing of Egypt's Orascom Telecom.[http://www.dwpv.com/en/Resources/Publications/2009/Flash-Decision-Reached-in-Rare-Public-Hearing-Proceeding-into-the-Ownership-and-Control-of-a-Canadian-Telecommunications-Carrier Flash: Decision Reached in Rare Public Hearing Proceeding into the Ownership and Control of a Canadian Telecommunications Carrier]. Davies, October 30, 2009 Globalive subsequently made its first purchase in Industry Canadian radio spectrum auction, setting the stage for a new national cell phone network in Canada.[http://news.gc.ca/web/article-en.do?crtr.sj1D=&mthd=tp&crtr.mnthndVl=&nid=501719&crtr.dpt1D=&crtr.tp1D=1&crtr.lc1D=&crtr.yrStrtVl=&crtr.kw=&crtr.dyStrtVl=&crtr.aud1D=&crtr.mnthStrtVl=&crtr.yrndVl=&crtr.dyndVl= Government of Canada Varies CRTC Decision on Globalive] {{Webarchive|url=https://web.archive.org/web/20151107001103/http://news.gc.ca/web/article-en.do?crtr.sj1D=&mthd=tp&crtr.mnthndVl=&nid=501719&crtr.dpt1D=&crtr.tp1D=1&crtr.lc1D=&crtr.yrStrtVl=&crtr.kw=&crtr.dyStrtVl=&crtr.aud1D=&crtr.mnthStrtVl=&crtr.yrndVl=&crtr.dyndVl= |date=2015-11-07 }}. Government of Canada, December 11, 2009
WIND Mobile successfully launched wireless phone services in December 2009 in Toronto and Calgary.[https://www.thestar.com/business/2009/12/16/wind_launches_with_cheaper_phone_rates.html WIND launches with cheaper phone rates]. The Star, December 16, 2009 It launched service in Edmonton and Ottawa soon after, followed by Vancouver in June 2010[https://www.theglobeandmail.com/technology/globalives-wind-mobile-keeps-it-simple/article4187291/ Globalive's WIND Mobile keeps it simple]. the Globe and Mail, August 23, 2012
In September 2014, Globalive agreed to acquire Vimplecom's majority stake in WIND Mobile for $300 million (CAD).[http://business.financialpost.com/fp-tech-desk/wind-mobile-globalive-west-face-capital Vimpelcom to sell WIND Mobile stake for about $275-million to Globalive, sources say]. Financial Post, September 15, 2014.[http://www.ctvnews.ca/business/feds-approve-wind-mobile-buyout-deal-with-conditions-1.2086681 Feds approve Wind Mobile buyout deal, with conditions]. CTV News, November 4, 2014{{cite press release | publisher=Reuters| date=15 September 2014| title=Vimpelcom to sell WIND Mobile stake to Canadian minority owner | url=https://www.reuters.com/article/us-canada-telecommunications-windmobile-idUSKBN0HA29I20140915}}
Wind Mobile was sold to Shaw Communications in March 2016 for C$1.6 billion and was rebranded to Freedom Mobile.{{cite news|title=Shaw enters wireless market with closing of Wind Mobile deal|url=https://www.theglobeandmail.com/report-on-business/shaw-announces-closing-of-wind-mobile-deal/article28983065/|access-date=2 March 2016|work=The Globe and Mail}} However, in March 2022 Globalive has intended to reacquire Freedom/Wind from Shaw in a pending merger with Rogers Communications for C$3.75 billion to satisfy regulatory concerns.{{Cite web|url=https://www.iphoneincanada.ca/carriers/rogers/freedom-mobiles-original-founder-bids-3-75-billion-to-buy-it-back-from-rogers/|title = Freedom Mobile's Original Founder Bids $3.75 Billion to Buy it Back from Rogers | iPhone in Canada Blog|date = 16 March 2022}}{{cite news |title=Globalive offers $3.75 billion in cash for Freedom Mobile, says media report |url=https://financialpost.com/telecom/globalive-offers-3-75-billion-in-cash-for-freedom-mobile-says-media-report |access-date=20 June 2022 |work=Financial Post |date=16 March 2022 |language=en}} Later it was announced that after an unresponsive behavior from Rogers, Globalive has directly gone to Shaw making the same offer to acquire the wireless carrier.{{cite news |title=Globalive goes directly to Shaw with its $3.75 billion bid for Freedom Mobile |url=https://www.thestar.com/business/2022/06/03/globalive-goes-directly-to-shaw-with-its-375-billion-bid-for-freedom-mobile.html |access-date=20 June 2022 |work=Toronto Star |date=3 June 2022 |language=en-CA}}
Globalive/Globalive Capital Inc.
In January 2013, Globalive launched Globalive Capital Inc., a venture capital company focused on accelerating early stage technology and telecommunications companies. Globalive group has founded, financed, operated, and divested a number of companies on the internet, communications, and technology sectors.{{cite web|url=http://www.itbusiness.ca/news/wind-mobile-ceo-resigns-to-lead-new-venture-capital-firm/19658 |title=Wind Mobile CEO resigns to lead new venture capital firm|website=www.itbusiness.ca|date= January 18, 2013}}
In 2015, Lacavera stepped down as chief executive officer of Globalive Capital Inc., staying on as the company's Chairman. Brice Scheschuk, previously chief financial officer, was appointed the new CEO of Globalive Capital Inc.{{cite web |title=Brice Scheschuk {{!}} Globalive Capital by Entrepreneurs in Small Rooms Drinking Coffee |url=https://anchor.fm/smallrooms/episodes/Brice-Scheschuk--Globalive-Capital-egn92a |website=Anchor |access-date=28 June 2022 |language=en}}
In September 2016, Globalive sold Yak Communications to Distributel, who added the brand to a growing telecommunications portfolio which includes Acanac and Thinktel.{{cite web|url=http://www.newswire.ca/news-releases/distributel-acquires-yak-communications-592589371.html|title=Distributel Acquires Yak Communications|website=www.newswire.ca}}{{Cite web|url=https://www.newswire.ca/news-releases/globalive-capital-announces-the-sale-of-yak-communications-oneconnect-services-inc-and-canopco-592581821.html|title=Globalive Capital announces the sale of Yak Communications, OneConnect Services Inc. and Canopco|last=Corp|first=Globalive Communications|website=www.newswire.ca|language=en|access-date=2020-04-22}}
Globalive Capital Inc. has invested in over 125 companies. The company has raised over US$1.5 Billion in capital for Globalive businesses and some of its investments include Stackadapt, Zoocasa, and Founding Investor in Xanado.[https://www.globalive.com/ About Globalive Capital]. Globalive, Retrieved July 21, 2015
Globalive Media
Globalive Media was co-founded by Lacavera and consumer technology journalist Michael Bancroft in October 2017 under Globalive. It curates and produces multimedia content focused on business and technology trends.
In November 2018, Globalive Media produced and premiered its first television series, Beyond Innovation, a weekly program, which uncovers technologies changing the way people live and do business, airs on Bloomberg Television across its global markets.{{cite web |title=Globalive Media Takes Viewers "Beyond Innovation" With Insider's Look At Technology's Top Changemakers Around The World |url=https://www.prnewswire.com/news-releases/globalive-media-takes-viewers-beyond-innovation-with-insiders-look-at-technologys-top-changemakers-around-the-world-300747830.html |website=PR Newswire |access-date=19 November 2018}}
In March 2020, Globalive Media launched the second season of the series Beyond Innovation with all new episodes of its weekly, half-hour series premiering on Bloomberg Television.{{cite news |title=Globalive Media Launches Second Season of "Beyond Innovation" to Discover Technology's Top Entrepreneurs Transforming Our World |url=https://www.bloomberg.com/press-releases/2020-03-10/globalive-media-launches-second-season-of-beyond-innovation-to-discover-technology-s-top-entrepreneurs-transforming-our-world |access-date=20 June 2022 |work=Bloomberg Television |date=10 March 2020 |language=en}}
References
{{reflist}}
{{Canadian mobile phone companies}}
Category:Companies based in Toronto
Category:Canadian companies established in 1998
Category:Telecommunications companies established in 1998
Category:Telecommunications companies of Canada
Category:1998 establishments in Ontario