Birch Hill withdraws 4G licence interest

17 Oct 2013

Canadian private equity firm Birch Hill Equity Partners has retracted its interest in bidding in the country’s 700MHz 4G mobile licence spectrum auction scheduled for January 2014. Birch Hill had applied via a subsidiary, BH Wave Acquisition Corporation, but telecoms ministry Industry Canada updated the list of applicants with the notification that BH Wave had ‘withdrawn’ on 15 October. The loss of Birch Hill, which was previously linked to potential takeover bids for Canadian cellcos including Wind Mobile, leaves 14 potential bidders for 700MHz spectrum. Publication of the list of provisionally qualified bidders will be on 22 October 2013, ahead of a deadline for receipt of the remaining 95% of pre-auction financial deposits on 29 October. The publication of the final list of qualified bidders will be on 8 November. Auction bidding opens on 14 January.