TORONTO – Mobilicity’s parent company DAVE Wireless announced today that it is rescheduling its debtholders’ vote of Mobilicity’s recapitalization plan to July 3, 2013.
In a release, the company said the date change for the vote, which had been previously scheduled for June 25, would give stakeholders a chance to assess prior to the vote what impact, if any, Industry Canada guidelines regarding the transfer of wireless spectrum would have on Mobilicity’s recapitalization plan. The guidelines are anticipated to be released by the end of this month.
Earlier this month, the federal government rejected Telus’ proposal of $380 million to acquire Mobilicity, stating that it would not allow the transfer of Mobilicity’s AWS spectrum to an incumbent carrier such as Telus before the five-year wait period expires in February 2014.
