Cable / Telecom News

Telus to take on federal government again with latest $350 million Mobilicity bid


TORONTO – Telus really wants to buy Mobilicity and has made another bid for the company, despite the knowledge the federal government really doesn’t want to see this deal happen.Late Thursday, Data & Audio-Visual Enterprises Holdings and its affiliates (collectively, Mobilicity) announced Telus would acquire it for $350 million. The proposed transaction will move forward under the Companies' Creditors Arrangement Act rules. Mobilicity has been under creditor protection since September."The transaction is a good outcome from Mobilicity's restructuring efforts and extensive sales process," said William Aziz, Mobilicity's chief restructuring officer, in the press release. "I am confident the transaction will...