John I. Bitove has a distinguished record of accomplishment in the corporate and sports endeavours as well as community service in Canada. He is the sole shareholder of Obelysk, which has major investments in the following businesses in Canada.
- Mobilicity offers wireless services in Toronto, Ottawa, Calgary, Edmonton and Vancouver with unlimited voice, data and text offerings. Bitove is the Executive Chairman.
- SiriusXM Canada (TSX: XSR) is the country’s leading audio entertainment subscription business with over 2.3 million subscribers and annual revenue of over $250 million. Bitove remains as Chairman after founding XM in 2005.
He was recently the principal shareholder and CEO of KEYreit, Canada’s premier “small-box” retail property owner with over 220 properties in eight provinces across Canada. KEYreit was sold on May 17, 2013 for $325 million.
A passionate Canadian, Bitove was the volunteer President and Chief Executive Officer of Toronto’s Bid for the 2008 Olympic Games (awarded to Beijing, China). He was the head of the organizing committees that brought the successful World Indoor Athletics (Track & Field) Championships and World Championships of Basketball to Canada in 1993 and 1994 respectively.
In 1993, he founded the Toronto Raptors Basketball Club. He led the NBA franchise-bid process, launched the team and created the Air Canada Centre, Toronto’s major sports and entertainment venue.
A strong believer of giving back to the community, Bitove founded S’Cool Life Fund, to support public elementary schools across Canada in the areas of DREAMS – Drama, Recreation, Extra-Curricular, Arts, Music, and Sports. Since the launch in 2005, S’Cool Life Fund has raised over $2 million helping to make school life more enjoyable for thousands of public elementary school kids.