Cable & Telecom

Mobilicity’s debtholders okay deal with Telus

TORONTO – Mobilicity announced today that its debtholders have approved the plan for Telus to acquire the wireless carrier for $380 million. “This is a significant step towards final approval of the plan through which the business, combined with the financial strength of Telus, can be continued in a way that will benefit our customers and employees,” said Mobilicity president and COO Stewart Lyons in a prepared statement. In a separate release,Telus CMO David Fuller said of today’s vote: “Today’s positive vote is an important step on the road to allowing Telus to sustain service for Mobilicity’s quarter-million customers and...