The Globe And Mail is reporting that the latest attempt by Telus to buy struggling carrier Mobilicity has come to an end:
A source said the Vancouver-based telecom firm sent word of its decision Mobicility on Tuesday, informing them it was withdrawing its offer because conditions of the deal had not been met.
Telus is now “no longer in the mix” to obtain Mobilicity, the source said.
The source did not say which conditions had not been met. However one of them was that Ottawa approved the transfer of spectrum between Mobilicity and Telus – a transaction the government has consistently opposed.
Well. That’s not good news if you’re on Mobilicity as that really puts the future of this carrier in doubt. Maybe someone will ride in and save the day? Maybe they cease to exist? It’s hard to say at this point what may happen. But one thing that I can say is that barring an 11th hour miracle, this will not help Canadians get more competition, lower prices, and better service in the wireless space.
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This entry was posted on May 21, 2014 at 1:08 pm and is filed under Commentary with tags Mobilicity, Telus. You can follow any responses to this entry through the RSS 2.0 feed.
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Telus Bails Out Of Buying Mobilicity
The Globe And Mail is reporting that the latest attempt by Telus to buy struggling carrier Mobilicity has come to an end:
A source said the Vancouver-based telecom firm sent word of its decision Mobicility on Tuesday, informing them it was withdrawing its offer because conditions of the deal had not been met.
Telus is now “no longer in the mix” to obtain Mobilicity, the source said.
The source did not say which conditions had not been met. However one of them was that Ottawa approved the transfer of spectrum between Mobilicity and Telus – a transaction the government has consistently opposed.
Well. That’s not good news if you’re on Mobilicity as that really puts the future of this carrier in doubt. Maybe someone will ride in and save the day? Maybe they cease to exist? It’s hard to say at this point what may happen. But one thing that I can say is that barring an 11th hour miracle, this will not help Canadians get more competition, lower prices, and better service in the wireless space.
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This entry was posted on May 21, 2014 at 1:08 pm and is filed under Commentary with tags Mobilicity, 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.