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Beware: Wind purchase obstacles may prove too much to overcome Add to ...

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Another big buyer has looked at the Canadian wireless market and decided it is just too complicated and risky to compete with the Big Three, as Blackstone Group LP is said to be backing away from any attempt to purchase Wind Mobile.

New York-based Blackstone Group LP had a good look in recent months at investing in Wind, the largest of the independent wireless companies in the country, sources said. The private equity firm concluded that for now there are too many variables it cannot control.

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