New attempt to sell Mobilicity to Telus reportedly fails

OTTAWA – The federal government has quashed another try by Mobilicity to sell itself to Telus. According to a Globe and Mail report on Wednesday, Industry Canada confirmed late Tuesday that it provided a confidential answer to Mobilicity about a potential transaction that the small carrier was trying to complete while under court protection from its creditors. Although IC declined to comment on the substance of its response, the story says that sources confirmed that government officials turned down the proposed sale. Telecom analyst Dvai Ghose, Managing Director/Head of Research for Canaccord Genuity, said in a note to clients that...