Mobilicity recapitalisation vote rescheduled to 10 July

4 Jul 2013

Debt-ridden Canadian cellco Mobilicity has delayed for a second time a vote for its debtholders to decide on a proposed recapitalisation plan to 10 July, replacing the previous date of 3 July, to allow its board to discuss ‘additional potential alternatives for the company and its stakeholders’. Mobilicity is reportedly in preliminary takeover talks with US giant Verizon under a non-disclosure agreement signed by the two parties.

Canada, Mobilicity, Verizon Communications, Verizon Wireless