The IT Nerd

Troubled cell phone company Mobilicity has been looking for a buyer since it went into creditor protection. It’s been speculated that they’ve been trying to get a deal done with Telus even though the Canadian Government has said no to that once. Well, The Globe And Mail can now confirm that it was Telus because the Canadian Government has said no to them again:

Industry Canada confirmed late Tuesday that it provided a confidential answer to Mobilicity about a potential transaction that the small carrier was trying to complete while under court protection from its creditors. Although Industry Canada would not comment on the substance of its response, sources confirmed that government officials turned down the proposed sale.

So. that leaves Mobilicity with very few options with a looming deadline of December 20th to find a buyer. It will be interesting to see whom, if anyone steps up to buy them. Perhaps, it will be Wind as they have expressed interest in them previously. Or perhaps it will be someone else? Perhaps it will be nobody.

This isn’t good for Mobilicity.

This entry was posted on October 30, 2013 at 7:45 am and is filed under Commentary with tags Mobilicity. 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.