Public Mobile has new ownership; commits to 700 MHz auction

TORONTO – Low-cost wireless provider Public Mobile said today it has been acquired by Thomvest Seed Capital Inc., the Toronto-based investment vehicle of Peter J. Thomson, and Cartesian Capital, a New York-based private equity firm. Financial terms were not disclosed. While Public Mobile is privately held, it is thought that the two companies were already significant shareholders before this announcement. Thomson is chairman of Thomson family investment company Woodbridge, which has held various telecom and media investments in Canada over the years and the Thomsons, as many will know, are Canada’s richest family and own assets worth tens of billions...