Mobilicity, one of Canada’s smaller carriers, is quickly running out of options. Having put itself up to an auction sale in December, its creditor protection is set to run out in mid-February. It has already been extended several times but that’s no guarantee that it will be again. With the prospect of being unable to find a buyer and simply […]
Mergers and acquisitions
Lenovo acquires Motorola from Google for US$2.91 billion
Tell me you saw this one coming: Google and Lenovo have announced that Lenovo has acquired the Motorola Mobility subsidiary from Google for US$2.91 billion. The Motorola Mobility aquisition includes the Motorola brand as well as its current portfolio of smartphones, including the Moto X and Moto G. Google will hang onto the majority of Motorola Mobility’s patents, including current patent applications and […]
Eastlink acquires independent telecom operator Bruce Telecom
Canada’s telecommunications market underwent a little more consolidation this week when Bragg Communications, the parent company of Eastlink, acquired Bruce Telecom for CA$26.5 million. Bruce Telecom is a small independent operator owned by the municipality of Kincardine in Ontario. It offers coverage in Kincardine, Port Elgin, Paisley, Tiverton, Southampton, Owen Sound and surrounding areas. It offers services that include local […]
Videotron to make a play for Mobilicity?
While unlikely to be the only one, only one company, WIND Mobile, confirmed that it made a bid to buy its struggling competitor in Mobilicity’s December auction. While the outcome of the auction has yet to be announced, it now appears that regional carrier Videotron may also be interested. According to Bank of Nova Scotia analyst Jeff Fan, Quebecor, Videotron’s […]
Google acquires Timely developer Bitspin
The acquisitions have kicked off for 2014. Switzerland-based Bitspin today announced that it has been acquired by Google. Bitspin is the company behind Timely, the popular alarm clock for Android. We’re thrilled to announce that Bitspin is joining Google, where we’ll continue to do what we love: building great products that are delightful to use. For new and existing users, […]
WIND Mobile makes CA$190 million bid in Mobilicity auction?
The Mobilicity auction, a bid to find itself a buyer, closed earlier this week. The company has yet to announce any details but did request an extension of its creditor protection to February 18, 2014, while it negotiates with the successful bidder (or bidders) to close the sale. WIND Mobile was the only party to step forward and confirm its participation […]
Mobilicity requests creditor protection extension to February 18, 2014
Today was the last day for interested parties to submit their bid in the Mobilicity auction by which it hopes to sell itself to a new owner. Only WIND Mobile publicly confirmed that it was participating and it may be a while yet before we find out the outcome of the auction. In the meantime, Mobilicity and its court-appointed monitor, Ernst […]
Mobilicity extends bids deadline for auction to December 16
Mobilicity, the Canadian carrier struggling to remain afloat, put itself up for auction earlier this month. The plan was to give potential bidders until December 2 to express their interest in participating and another week to put together their final bids. With that date now upon us, the company has extended the bid deadline to December 16 at 1200 noon […]