Mobilicity recapitalisation vote moved to 3 July

24 Jun 2013

Struggling Canadian cellco Mobilicity has delayed until 3 July the date on which its debtholders will vote on a proposed recapitalisation plan, replacing a previous date of 25 June, to ‘allow stakeholders the opportunity to review Industry Canada guidelines, regarding the transfer of wireless spectrum, prior to the vote.’ Earlier in the month larger rival Telus was blocked from acquiring Mobilicity under a federal policy not to allow the transfer of recent market entrants’ wireless spectrum to national incumbents.

Canada, Mobilicity