Cable & Telecom

UPDATED: Teetering Mobilicity finds white knight in Telus

VANCOUVER – Telus announced Thursday that, pending some government and debtholder approvals, it will acquire Mobilicity for $380 million. If the deal receives the required approvals, it would ensure continued service to Mobilicity’s 250,000 customers without the risk of disruption, says the press release the companies issued. Without this deal, Mobilicity would likely end up seeking bankruptcy protection in short order. Of course, it remains to be seen what government thinks of this and whether or not it will grant the request to shift Mobilicity’s spectrum to Telus immediately. DAVE, Mobilicity’s parent company, purchased the spectrum for $240 million in...
 

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.