Cable & Telecom

Mobilicity raises $215M of new financing from Canadian backers

TORONTO – Just weeks shy of its first birthday, Mobilicity said Friday that it has raised $215 million through a debt offering which it says strengthens its competitive position and enhances its long-term growth opportunities.The new wireless entrant confirmed that the key investors in the new offering were National Bank Financial Inc. and GMP Securities."Mobilicity has a compelling business model and the best value proposition for consumers and we are excited about getting additional support from Canada's financial community," said president and CEO Dave Dobbin, in the announcement.www.mobilicity.ca
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.