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Canada: Rogers wins bidding war for Mobilicity in telecom deal

 |  June 25, 2015

Rogers Communications won the bidding war for beleaguered Canadian mobile operator Mobilicity in a move that government regulators said would bolster its attempts to increase competition across Canada.

Rogers said it was set to pay approximately $357 million for Mobilicity, with the purchase subject to approval by a bankruptcy court and government regulators. Mobilicity, which has struggled for solvency, is controlled by Data & Audio-Visual Enterprise Holdings.

“The transaction with Rogers provides the best possible outcome for Mobilicity’s customers, dealers and employees,” said Anthony Booth, president of Mobilicity. “Rogers ensures certainty of service for Mobilicity customers, provides a great network, national coverage and high-quality products and services. At the same time, Mobilicity employees will have the opportunity to work at a great Canadian company in Rogers.”

Full content: MobileSyrup

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