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),



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.