Wind may acquire Mobilicity customer base, but not debt, tax-loss or spectrum. - Canadian TV, Computing and Home Theatre Forums
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post #1 of 6 (permalink) Old 2013-09-04, 10:41 AM Thread Starter
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Wind may acquire Mobilicity customer base, but not debt, tax-loss or spectrum.

From financial post:

If approved by Mobilicity bond-holders, customers would transfer to Wind Mobile. Little to no compensation going to Mobilicity, and existing spectrum would remain with the bond-holders in a hope of recouping loss next year when the moratorium runs out.
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post #2 of 6 (permalink) Old 2013-09-05, 12:40 AM
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This article says its not true. This is so confusing. We are screwed from all directions by Big 3.

"The report that we are transferring our subscriber base to Wind is not true," said Mobilicity's chief restructuring officer Bill Aziz in a statement.
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post #3 of 6 (permalink) Old 2013-09-05, 08:12 AM
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Too bad. An extra 200,000 subs would have brought Wind much closer to profitability. I'd like to see a strong 4th carrier.
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post #4 of 6 (permalink) Old 2013-09-05, 10:30 AM
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Many of those 200,000 subs are on low-price plans which don't turn much, if any profit for Mobilicity, which is why they're in such a hole. It's also why they would consider giving the subs away.

I wonder about the network equipment. I understand Mobilicity keeping the spectrum, but the towers themselves have value but the site leases cost money, are they going to sit on those too?

They can hold the spectrum until the moratorium runs out if they wish, but there is an excellent chance that, if we still have the same government, they still won't be allowed to sell.

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post #5 of 6 (permalink) Old 2013-12-03, 01:39 PM
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Wind Mobile considers buying cash-strapped Mobilicity

Globalive Wireless Management Corp. is taking part in the court-monitored sale process of Mobilicity, which must be concluded by Dec. 9, according to Wind CEO Tony Lacavera.

"Wind requires additional spectrum in order to advance our business plan for next generation wireless services and compete long-term on a level playing field with the big three," Lacavera said in an email.
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post #6 of 6 (permalink) Old 2014-09-19, 10:32 PM
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Looks like Mobilicity has started to shut down certain cell sites and is looking for an extension for creditor protection.
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