Globalive, the owner of Canadian wireless newcomer Wind Mobile, won a court appeal on Wednesday restoring a government ruling that the company did not violate telecom rules that bar foreign-controlled firms. A three-judge Federal Court of Appeal panel unanimously overturned a lower court decision backing Canada's telecom regulator, which determined that Egypt's Orascom Telecom (ORTE.CA) had undue influence on Globalive due to its financing and loan commitments. The federal cabinet had overruled the regulator -- a move the appeals court supported on Wednesday. But the legal challenges might not be over, with a rival upstart saying it will seek a hearing before the Supreme Court.
Source
