TORONTO – The third time does not appear to be lucky for Telus and Mobilicity.
According to a report Wednesday in the Globe and Mail, Telus has heeded a warning by Ottawa and backed away from its third attempt to takeover the struggling wireless carrier.
The Globe said that the federal government had threatened that if Telus persisted in going after Mobilicity, Ottawa would redesign an April, 2015, auction of 2,500 Mhz frequencies to effectively bar Telus from acquiring any of this spectrum.
The report goes on to quote an unnamed source who claims that the Vancouver-based teleco sent word of its decision to Mobicility on Tuesday, informing them it was withdrawing its offer because conditions of the deal had not been met. Those conditions were not specified.
When contacted by Cartt.ca, a Telus spokesperson said the company was not going to respond to the report at this time. Mobilicity did not respond to Cartt.ca’s enquiries by press time.
– Lesley Hunter
