Anthony Lacavera, the CEO of wireless wannabe Globalive Communications Corp., is downplaying concerns about the impact of the financial crisis on the company's bid to become the country's fourth national wireless player.
Lacavera said yesterday that Globalive, which bid $442 million on wireless airwaves in a government auction, is unaffected by the ongoing credit crunch that has raised the cost of borrowing money for corporations and sent the U.S. financial sector into a tailspin.