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 […]
Mobilicity
Samsung Galaxy Note 3 lands at Mobilicity
Mobilicity is ending the week with a bit of good news. It is the latest carrier to offer the Samsung Galaxy Note 3. The Samsung Galaxy Note 3 makes ordinary daily tasks extraordinary. Its re-imagined S Pen puts time-saving short-cuts at your fingertips. The Multi Window feature makes multi-tasking effortless. And the dazzling 5.7-inch display and ground-breaking Android 4.3 Jelly […]
Industry Canada rejects second Mobilicity buyout bid by TELUS
There is more bad news for Mobilicity today. The Globe and Mail has learned that Industry Canada has again rejected a bid for Mobilicity to be bought out. While it was known that Mobilicity was talking to the Canadian government about a potential buyout, the identity of the buyer has not been revealed. It is believed to be none other […]
Mobilicity given until December 20 to find buyer
Mobilicity today got more time from Ontario courts to find itself a buyer. Already under protection from creditors under Canada’s Companies’ Creditors Arrangement Act (CCAA), Justice Frank Newbould of the Ontario Superior Court of Justice extended the protection period until December 20. It had been set to expire on October 30. The company requested the extension as it works to […]
Mobilicity receives creditor protection in bid to complete sale
Mobilicity today announced that it has received protection from creditors under Canada’s Companies’ Creditors Arrangement Act (CCAA) as it tries to complete “a going-concern transaction.” The deal is already undergoing review by Industry Canada. This transaction is likely a sale of its network, assets and spectrum licenses. Who the buyer remains unclear but one possible candidate would be Catalyst Capital, […]
Mobilicity to transfer subscribers to WIND Mobile
Mobilicity has been in dire shape for some time now. It has been hoping that a buyer would stop in and save it but luck has not been on its side: A deal with TELUS was blocked by the Canadian government and potential suitor, Verizon Wireless, has now decided not to expand to Canada. With its debt now over CA$500 […]
WIND Mobile to make a bid for Mobilicity?
With Verizon set to pass on acquiring WIND Mobile or Mobilicity or even both for now, WIND Mobile may move forward with its own bid for its beleaguered competitor. None other than WIND Mobile CEO and chairman Anthony Lacavera said that he is now considering making the acquisition with Verizon apparently out of the picture. “It puts me in a position […]
Verizon delays Canadian carrier acquisition
It appears that one potential suitor for the beleaguered Canadian carriers Mobilicity and WIND Mobile has decided to hold off an acquisition for now. According to The Globe and Mail, Verizon Wireless has decided to delay its plans to enter the Canadian market by acquiring one or both smaller Canadian carriers. According to “two people familiar with the situation,” the […]