Another one bites the dust. Mobilicity today announced it would accept a $465 million takeover bid by telco giant Rogers. As part of the deal, Rogers will sell off some of Mobilicity’s wireless airwave spectrum to competitor Wind Mobile, a condition the federal government demanded before approving the sale. Mobilicity has around 157,000 customers in […]
After fighting off takeover rumours for the better part of two years, The Globe and Mail reports that Rogers and Telus have quietly submitted proposal transactions to the government for review in a bid to purchase struggling telco Mobilicity. However, a source also tells the Globe and Mail that if a deal cannot be reached […]
Wind Mobile is offering an unprecedented deal to Mobilicity customers from now until January 26th: 6 months of free service, along with a free SIM card. The free plan also includes unlimited talk, data and text. Mobile Syrup speculates that this is all part of Wind’s master plan to buy out Mobilicity ahead of the […]
Telus has just pulled out of the industry-funded Canadian Wireless Telecommunications Association (CWTA.) Visit DigitalHome.ca to find out more!
Verizon Communications is prepared to pay $700 million for WIND Mobile, and is also considering an acquisition of wireless startup, Mobilicity. The Globe and Mail reports on June 26th that two sources have confirmed that the US wireless giant has an “inital offer on the table.” Since WIND Mobile has a market share well under […]
Toronto-based Public Mobile has been acquired by venture capital firm Thomvest Seed Capital and private equity firm Cartesian Capital. The privately held wireless carrier, which provides mobile services in Ontario and Quebec, did not disclose the financial aspects of the deal. Stefan Clulow, managing director at Thomvest said: “Circumstances in the Canadian wireless industry have […]
One of the key components in TELUS buying Mobilicity for $380 million was acquiring valuable wireless spectrum that all Canadian mobile carriers are seeking. However, the federal government will not allow Mobilicity to transfer its wireless spectrum to TELUS, it was announced at a news conference in Ottawa on June 4th. Industry Minister Christian Paradis […]
VimpelCom will be taking bids for WIND Mobile starting on March 22, according to several news reports. Toronto-based WIND Mobile is the fourth largest wireless carrier in Canada and the price of ownership will be in the $500 million to $1 billion range. In a Toronto Star report, Canaccord Genuity Canadian research head Dvai Ghose […]