Telus's acquisition of Mobilicity moves one step closer

30 May 2013

The Ontario court which had been overseeing Mobilicity’s efforts to restructure its debts has approved Telus’s takeover of the beleaguered cellco. Mobilicity’s bondholders approved the proposed CAD380 million (USD366 million) deal last week, and now, following the court’s green light, the only regulatory hurdles remaining are for Canada’s Competition Bureau and Christian Paradis, Minister of Industry, to sanction the purchase.

Canada, Mobilicity, Telus Corporation, Telus Mobility (old)