If you were wondering what was going to happen to struggling mobile phone carrier Mobilicity, you’ll have to wait a little longer. The Toronto Star is reporting that the bidding deadline has been extended:
Monday’s cut-off was extended to Dec. 16, Ernst & Young LLP, the consulting firm monitoring the sale, said on its website.
So far, Wind Mobile is the only company that has admitted to looking at a bid. Nobody else has, so that may be why this is being extended. Though there may be another party involved according to Mobilesyrup:
There’s no specific reason to why, the doc says it was a from “requests for an extension from Qualified Bidders,” which indicates more than one company meets the qualified bidder status.
So, the plot thickens. One wonders if one of the big 3 are involved. If so, I cannot see such a bid being approved by the Canadian Government. It might be a entity that we’ve never heard of, which would make things really interesting. All I know is that you should check back next week to see what happens.
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This entry was posted on December 9, 2013 at 11:27 am and is filed under Commentary with tags Mobilicity. You can follow any responses to this entry through the RSS 2.0 feed.
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Mobilicity Deadline For Auction Bids Extended
If you were wondering what was going to happen to struggling mobile phone carrier Mobilicity, you’ll have to wait a little longer. The Toronto Star is reporting that the bidding deadline has been extended:
Monday’s cut-off was extended to Dec. 16, Ernst & Young LLP, the consulting firm monitoring the sale, said on its website.
So far, Wind Mobile is the only company that has admitted to looking at a bid. Nobody else has, so that may be why this is being extended. Though there may be another party involved according to Mobilesyrup:
There’s no specific reason to why, the doc says it was a from “requests for an extension from Qualified Bidders,” which indicates more than one company meets the qualified bidder status.
So, the plot thickens. One wonders if one of the big 3 are involved. If so, I cannot see such a bid being approved by the Canadian Government. It might be a entity that we’ve never heard of, which would make things really interesting. All I know is that you should check back next week to see what happens.
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This entry was posted on December 9, 2013 at 11:27 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.