Cable & Telecom

Rogers to buy Mobilicity for $465 million

TORONTO – After close to two years in creditor protection and having had a pair of prior sales to Telus rejected by the federal government, Mobilicity and its creditors believe it finally has its suitor.The company and its creditors will file this motion with the Ontario Superior Court of Justice Wednesday morning to approve and authorize the sale of the company to Rogers Communications for $465 million, a deal which was accepted yesterday by the shareholders, according to the court documents. That is substantially more than what Telus offered ($380 million) in June of 2013, before the upstart wireless company entered CCAA...
 

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.