Telus in talks to acquire Mobilicity

[avinayyar]

Telus now wants to help Canadian Health system.

TELUS boasts about their healthcare initiatives, slam government for its slow pace of innovation and adoption | MobileSyrup.com

[willystyle]

Originally Posted by bcrdukes

Ottawa blocks Telus takeover of Mobilicity - Business - CBC News

Exactly what I predicted.

Originally Posted by avinayyar

Telus now wants to help Canadian Health system.

TELUS boasts about their healthcare initiatives, slam government for its slow pace of innovation and adoption | MobileSyrup.com

They should take care of their own products and service offerings first before critiquing the government.

[rexsomnii]

SO what should mobilicity subscribers do now if they do plan to go bankrupt ?

[GLOW]

Originally Posted by rexsomnii

SO what should mobilicity subscribers do now if they do plan to go bankrupt ?

i guess only one option


on a serious note i hope they do it sooner than later tbh

[StylinRed]

It was suggested that WIND would gobble them up



Oh the man himself speaks http://mobilesyrup.com/2013/06/04/la...se-mobilicity/

[FerrariEnzo]

well.. since the auction is pushed back again.. Wind can use this time and some money to make their network better... This could be good news...

[GLOW]

forgive my ignorance, but why would the gov't stop the purchase by telus but possibly approve a purchase by wind?

[subordinate]

Originally Posted by GLOW

forgive my ignorance, but why would the gov't stop the purchase by telus but possibly approve a purchase by wind?

No idea, maybe because it's not part of the big 3?
Thereby, it would help competition and the market place? If WIND has an additional spectrum, making it more competitive?

[Coren]

Because the rules before the auction clearly stated that new entrants can't sell to incumbents before 5 years.
However, it looks like they are changing the rules so the new entrants can't sell to the incumbents ever so that they can create a 4th national player for competition.

[willystyle]

Originally Posted by Coren

However, it looks like they are changing the rules so the new entrants can't sell to the incumbents ever so that they can create a 4th national player for competition.

I agree, if you read between the lines, it does sound like the government really wants create a 4th national carrier.

Industry Minister Christian Paradis: "Our government has been clear that spectrum set aside for new entrants was not intended to be transferred to incumbents. We will not waive this condition of licence and will not approve this, or any other, transfer of set-aside spectrum to an incumbent ahead of the five-year limit. Our government will continue to allow wireless providers access to the spectrum they need to compete and improve services to Canadians… I will not hesitate to use any and every tool at my disposal to support greater competition in the market."

[604778]

TORONTO (NEWS1130) – Mobilicity says Telus Corp. (TSX:T) is calling off its plan to buy the small wireless provider.

The move follows an announcement by Ottawa that it will not allow Telus to acquire the wireless spectrum held by Mobilicity.

Regulatory approval had been a key condition of the deal.

Mobilicity, which has about 250,000 customers, says it will now go ahead with a recapitalization plan, which will be voted on by debtholders June 25.

Telus had offered to pay $380 million for Mobilicity, but its deal required an exception from the federal government to allow the transfer of the wireless spectrum.

Industry Minister Christian Paradis said last week that the government would use all tools at its disposal to ensure there are at least four wireless competitors in every region of Canada.

Mobilicity says Telus has called off company takeover deal | News1130

[Gucci Mane]

well it happened.

TORONTO – Mobilicity says it has agreed to be purchased by Telus Corp. for $350 million.

Mobilicity says the proposed sale is subject to approval by the Ontario Superior Court of Justice, the Competition Bureau, Industry Canada, and Mobilicity’s debtholders.

Telus has twice tried to buy struggling Mobilicity, but both times the deal was rejected by Industry Canada.

This time, however, Mobilicity says it believes the deal will satisfy the federal agency’s criteria and will not affect competition in the Canadian wireless sector.

The company also says the “vast majority” of its 165,000 active subscribers would be able to seamlessly migrate

onto Telus’ network after the transition.

Mobilicity also says it there are “no foreseen changes to employee staffing levels” under the proposed transaction.

Telus approved to buy Mobilicity for $350 million | Globalnews.ca

[GLOW]

are they going to absorb mobilicity's current customers and tell them they have x time to switch over to a telus plan before shutting their plans down like they did with the company they bought out east? i think the name of that one was Public something.

[FerrariEnzo]

lol Telus buying everything!

[bcrdukes]

Originally Posted by Knight_KB

well it happened.

Not quite.

Still pending approval from the government.

[Traum]

Hmm... Time to start shopping again?

[FerrariEnzo]

TELUS get denied... STRIKE 3, Your Out!

Globe and Mail article says that the Feds will deny the incumbents from ever bidding on upcoming frequency auctions if they keep insisting on buying out the competition.. LMAO

[GLOW]

i guess no means no

[Alatar]

There are some funny things with regards to this.

1) Telus has the least spectrum of all the Big 3.
2) It's past the 5 year moratorium for spectrum set-aside. According to rules set by the government, should be fair game.
3) Shaw purchased AWS spectrum during that same auction. Guess what? Rogers made a deal with Shaw to purchase/use that spectrum. Someone correct me if I'm wrong, here.
4) Telus is the only one of the Big 3 that is actually, currently allowed to participate in the 2500mhz auction. The government fucks things up royally, by threatening (and following through on) to bar Telus from that auction in 2015. Bye bye big money.

These are just some of the comical nuances I've noted, during all this. I really don't have a preference one way or another with regards to what happens, honestly.

[mr.wonderful]

Mobilicity is pretty bad. I think if WIND could buy there spectrum, that can increase comeptition for the big 3 and we can finally see some lowe prices.

[shenmecar]

So if Mobilicity goes under, what happens to their spectrum licenses? Can they sell it to the Big Three?

[nabs]

Originally Posted by shenmecar

So if Mobilicity goes under, what happens to their spectrum licenses? Can they sell it to the Big Three?

It's not up to Mobilicity. Their spectrum would be given back to the government, and the CRTC will then auction it off to whomever they choose. CRTC is still looking for another big competitor to come up. So they may just reserve it for that. But its not like another company can just come and lease the spectrum.

I was really looking forward to the whole Verizon coming to Canada rumor thing, would have been great for the marketplace.

[bcrdukes]

Telus drops bid for struggling Mobilicity - The Globe and Mail

[underscore]

Originally Posted by GLOW

wouldn't that be messed up for existing telus users who have similar plans but are paying double or more for a similar mobilicity plan? i wonder if they'll implement a catch to force users out of these plans if they do get grandfathered.

They'll probably do what Bell did with Solo when they started shutting it down, provide a bunch of B/S policies and absolute shit customer service so people get frustrated and leave.

[speediandy]

Ive been with Mobilicity for a few years now and its been pretty good for me. I want choice, no contracts, lots of data for a good price. I hate to think how Telus will mess everything up if they buy out mobilicity.