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The board of directors also proposed to shareholders the conversion of the 65.08 percent non-voting shares, which Orascom Telecom Canada (OTC) Limited holds in Globalive Investment Holding Corp (GIHC), into voting shares.
OTC conversion means that OTH will take control of GIHC, the parent company of Wind Canada and Globalive Canada that "An approval from the Canadian investment authorities is required," Orascom said.