Hmmm…. This should prove interesting.
Public Mobile has been acquired by Telus according to a press release that is crossed the wires late yesterday:
“Following our review of strategic options for our organization, TELUS stood out as the company most committed to strong customer service and innovation. We are confident this is the right decision for our customers, our company, our employees and our investors,” said Alek Krstajic, Public Mobile CEO. “This transaction is the best option to guarantee continued quality service for our customers and to maximize the opportunity for our employees and investors.”
Terms of the transaction have not been disclosed. Proceeds will be used to satisfy Public Mobile’s debt and equity investors. Public Mobile employees will have the opportunity to review and secure roles with TELUS.
Public Mobile’s customers are going to migrated onto the Telus LTE network according to the press release. Plus they get access to phones such as the iPhone and nationwide roaming. So it’s a win for Public Mobile’s customers. It’s a win for Telus as they move from being the third of the big three to second. That’s bound to make some heads spin in the exec offices of Bell and Rogers.
So, with Mobilicity still in play, one wonders how that will end up seeing as Telus was thought be pursuing them. In the meantime, Telus is clearly going to be a telco to watch.
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This entry was posted on October 24, 2013 at 9:30 am and is filed under Commentary with tags Public Mobile, Telus. You can follow any responses to this entry through the RSS 2.0 feed.
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Telus To Acquire Public Mobile
Hmmm…. This should prove interesting.
Public Mobile has been acquired by Telus according to a press release that is crossed the wires late yesterday:
“Following our review of strategic options for our organization, TELUS stood out as the company most committed to strong customer service and innovation. We are confident this is the right decision for our customers, our company, our employees and our investors,” said Alek Krstajic, Public Mobile CEO. “This transaction is the best option to guarantee continued quality service for our customers and to maximize the opportunity for our employees and investors.”
Terms of the transaction have not been disclosed. Proceeds will be used to satisfy Public Mobile’s debt and equity investors. Public Mobile employees will have the opportunity to review and secure roles with TELUS.
Public Mobile’s customers are going to migrated onto the Telus LTE network according to the press release. Plus they get access to phones such as the iPhone and nationwide roaming. So it’s a win for Public Mobile’s customers. It’s a win for Telus as they move from being the third of the big three to second. That’s bound to make some heads spin in the exec offices of Bell and Rogers.
So, with Mobilicity still in play, one wonders how that will end up seeing as Telus was thought be pursuing them. In the meantime, Telus is clearly going to be a telco to watch.
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This entry was posted on October 24, 2013 at 9:30 am and is filed under Commentary with tags Public Mobile, Telus. 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.