Cable / Telecom News

Mobilicity granted creditor protection through August

TORONTO - Struggling Mobilicity has received yet another extension to its creditor protection.The wireless carrier confirmed Friday that it has received a further extension under its current CCAA proceedings through August 31, 2015.  It was initially granted creditor protection in September 2013."It continues to be business as usual for our customers and suppliers," said chief restructuring officer Bill Aziz, in a statement.  "As the wireless spectrum landscape evolves, the Stay Extension provides Mobilicity with a stable environment in which to evaluate available options and negotiate a value maximizing transaction."