WIND Mobile is once again looking to acquire Mobilicity. Its parent company, Globalive Wireless Management Corp., today confirmed that it is participating in Mobilicity’s self-auction. Beyond this confirmation, Globalive provided no details about its intentions. WIND Mobile CEO Anthony Lacavera has often said that the smaller carriers needed to consolidate in a bid to take on Canada’s big three carriers […]
Mergers and acquisitions
Competition Bureau clears Public Mobile acquisition by TELUS
TELUS today cleared the last hurdle in its plan to acquire Public Mobile when it received a “No Action Letter (NAL)” from Canada’s Competition Bureau. In its statement, the Competition Bureau explained that it had determined that “the proposed transaction is unlikely to substantially lessen or prevent competition in the sale of mobile wireless telecommunications services in Southern Ontario and […]
Nokia shareholders approve sale of Devices & Services unit to Microsoft
The sale of Nokia’s Devices and Services unit took another step forward earlier this week when Nokia shareholders voted in favour of the US$7.2 billion deal. Nokia said that over 99% of the votes cast were in favour of the deal. “This is a significant step forward for Nokia. We are delighted that shareholders have given us overwhelmingly strong support […]
Mobilicity sale by auction to go ahead
Mobilicity’s plan to put itself up for auction has been approved by Ontario courts and is now set to move ahead. The company is now moving quickly in a bid to “market for sale all or substantially all of the business and assets or shares of Mobilicity.” The auction will be conducted by Mobilicity and their Court-appointed monitor, Ernst & […]
TELUS not ready to give up on Mobilicity acquisition
Attempts by TELUS to acquire Mobilicity have been rebuffed by the Canadian government twice now. But it appears that TELUS is not quite ready to give up on its plans to take its struggling competitor over. TELUS CEO Darren Entwistle said in an interview on Friday that the situation remained “fluid.” Entwistle again explained that the acquisition would be in […]
BlackBerry Board still opposed to breaking up company
Despite a number of parties showing interest in various parts of the company over the past weeks and months, Reuters reports that the BlackBerry board remains opposed to breaking up the company. According to unnamed sources, the board felt and continues to feel that such a move is not “currently in its best interests.” This belief reportedly led to the […]
BlackBerry CEO to leave as Fairfax deal dies
Today was to have been the day that Fairfax Financial Holdings turned BlackBerry into a private company if a better offer did not come. Not only did the offer not come but the Fairfax deal has also died as the company could not raise the necessary funds. Not only that but BlackBerry has now decided not to sell itself, putting […]
RIM co-founders to partner with Cerberus and Qualcomm for BlackBerry bid?
When Fairfax Capital Holdings and BlackBerry signed a letter of intent agreement to take the beleaguered smartphone manufacturer private, it allowed BlackBerry to shop itself around for a better deal until November 4. That deadline is now just around the corner. While no formal bids have yet to materialize, a number of parties are reportedly interested and they could make […]