Globalive to expand VC investing with sales of Yak, OneConnect

Globalive Capital, a Canadian technology investment firm chaired by former Wind Mobile head Anthony Lacavera, has sold telecommunications companies Yak Communications and OneConnect Services. Yak was acquired by Distributel Communications Ltd, while OneConnect and its affiliate Canopco went to Accelerated Connections Inc. No financial terms were released. Globalive said the deals facilitate its plan to invest in new technology ventures and expand its global footprint. The Toronto-based firm launched a $100 million early-stage venture capital fund in early 2016.

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