The fun continues with those upstart wireless carriers. Hot off the heels of Wind Mobile wanting to buy Mobilicity after Telus wasn’t allowed to buy them, comes the news that Public Mobile has been bought by private-equity firms Thomvest Seed Capital Inc., controlled by Toronto businessman Peter Thomson (who owns the Thompson media empire which includes Reuters) and Cartesian Capital of New York:
Public Mobile founder and CEO Alek Krstajic said their support will enable Public Mobile to expand its subscriber base from a well-funded position.
My thought is that this might be good for the Canadian wireless industry as a upstart company with deep pockets might be able to make a run at Rogers, Bell, and Telus. It will be interesting to see if that actually pans out. It will also be interesting to see how the big three respond to this.
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This entry was posted on June 6, 2013 at 11:11 am and is filed under Commentary with tags Public Mobile. You can follow any responses to this entry through the RSS 2.0 feed.
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BREAKING: Public Mobile Bought
The fun continues with those upstart wireless carriers. Hot off the heels of Wind Mobile wanting to buy Mobilicity after Telus wasn’t allowed to buy them, comes the news that Public Mobile has been bought by private-equity firms Thomvest Seed Capital Inc., controlled by Toronto businessman Peter Thomson (who owns the Thompson media empire which includes Reuters) and Cartesian Capital of New York:
Public Mobile founder and CEO Alek Krstajic said their support will enable Public Mobile to expand its subscriber base from a well-funded position.
My thought is that this might be good for the Canadian wireless industry as a upstart company with deep pockets might be able to make a run at Rogers, Bell, and Telus. It will be interesting to see if that actually pans out. It will also be interesting to see how the big three respond to this.
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This entry was posted on June 6, 2013 at 11:11 am and is filed under Commentary with tags Public Mobile. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.