Mobilicity Auction Deadline Extended Again To Feb. 18th 2014

According to MobileSyrup, the deadline for the auction of Mobilicity has been extended again. This time to February 18th of next year. But there’s more:

In addition, from a numbers perspective, Mobilicity is expecting to end 2013 with 175,000 active subscribers, seeing a customer churn rate of 5.1%. The court doc states that Mobilicity has also “maintained stability” and implemented some cost reductions, including moving their head office out of Vaughan and into a “smaller premises” in Woodbridge, plus “terminated certain employees who’s services were no longer required.”

That’s interesting. But the fact that this auction keeps getting delayed can’t be good. But at least customers are not fleeing in droves. That gives them some hope.

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