A PYMNTS Company

Canada: Telus, Mobilicity merger knocked down for second time

By  |  October 30, 2013

Canadian regulators have reportedly denied clearance of a merger between ailing wireless carrier Mobilicity and competitor Telus for a second time in a year.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Mobilicity is reportedly looking to sell its spectrum licenses to Telus, and despite the denial, a spokesperson for Mobilicity said the company is continuing to work with regulators over the issue.

    Industry Minister James Moore confirmed the deal’s blockage Wednesday.

    Mobilicity acquired the spectrum it is now looking to sell through a 2008 auction intended to help Telus rivals strengthen their position against the dominant carrier.

    Regulators first blocked Telus’s buyout of Mobilicy last June, but subsequently cleared Telus’s buyout of smaller operator Public Mobile last week.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.